Twenty-six landlords paid local property tax for at least 500 homes they owned in 2024

Twenty-six landlords, companies, or investment firms paid local property tax (LPT) for ownership of more than 500 houses or apartments last year.

Revenue data show a small number of property owners paying upwards of €300,000 each for vast portfolios of real estate.

The figures show that just twenty owners paid €6.5 million in LPT in 2024 to cover liabilities for 19,900 separate properties.

On average, the top twenty paid around €325,000 each for portfolios with 995 houses or apartments on their books.

Overall, in 2024, nearly 1.5 million owners paid LPT for 1.88 million properties right across the country.

The overwhelming majority of people – 1,314,984 owners – had just a single property, usually their main family home.

There were 167,676 individuals or entities that had between two and five properties and 6,189 that owned between six and nine houses or apartments.

A total of 2,610 people paid LPT for between 10 and 24 properties while 440 paid tax on between 25 and 49 homes.

The Revenue figures also showed that 186 individuals, companies, or entities had property tax liability for 50 to 99 houses or apartments.

A further 80 paid LPT for ownership of between 100 and 199 properties while 33 held between 200 and 299.

There were eleven property owners who had between 300 and 399 houses or apartments on their books, according to the data.

A small number, less than ten, owned between 400 and 499 properties but Revenue would not disclose the figure saying it could identify individuals given the small number involved.

Twenty-six individuals, companies and entities had to pay LPT on over 500 properties each.

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