People worry a lot about local property tax valuations and it is not helped that it has, to some degree, become a political issue.
The bottom line is that you have nothing to worry about if your November 2021 valuation was based on the fairly assessed value of your home. You continue to pay tax based on the fair November 2021 valuation. You only become liable to taxation at a higher band at the next renewal date in 2025 or any later date to which it might be deferred, and there should be no retrospective charge for LPT.
As long as Revenue is comfortable that you had a reasonable basis for your valuation, there is no problem. But when you say you chose what you believed was the correct valuation band, you will need to have some evidence to back that up if it differs from the Revenue guidance – assuming they challenge you at all.
As long as any of the following conditions are met, there will be no grounds for concern for the purchaser:The property sells for 50 per cent more than the upper limit of the valuation band submitted by the homeowner in 2021 ;