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 reveals the number of property owners paying upwards of €300,000 each for vast portfolios of real estate.

The figures show that 20 owners paid €6.5 million in LPT in 2024 to cover liabilities for 19,900 separate properties – an average of almost 1,000 properties each.

On average, the top twenty landlords 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 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.

In an information note, the Revenue Commissioners said there could be some discrepancies in the data as it was gathered from multiple information dashboards. It said this included cases where a liable owner was not connected to a property or where there were properties that weren’t liable for LPT.

There were also some cases where Revenue only held limited data on ownership, for example a name but no PPS number, or where an individual was non-resident in Ireland, or the property was uninhabitable.

The Revenue Commissioners also said the data excluded property that was held by local authorities or approved housing boards.

Asked about the figures, which were released under Freedom of Information laws, they said they had no further comment to make.