Large number of homeowners failing to file property tax returns
Months have passed since the deadline to file local property tax returns (LPT), yet more than 300,000 property owners have not done so. To date, Revenue has not taken action against them. It appears that almost 316,000 property owners have failed to provide an updated valuation for their homes. One could infer that it is likely that the homeowners are underpaying tax, and could face interest rate penalties. Revenue officials…