1.Immovable Property Tax

Immovable Property Tax is paid annually by 30th September of each year and is calculated based on the market value of the property as at 1/1/80. The following rates apply:

• Value of property 1/1/80 €
• Rate

1 – 40.000

6‰ minimum tax €75

40.001- 120.000

8‰

170.001- 300.000

11‰

300.001- 500.000

13‰

500.001- 800.000

15‰

800.001- 3.000.000

17‰

3.000.001 –

19‰

As of 1st January 2017 Immovable Property Tax has been abolished.

2.Municipality Tax

Municipality Tax is paid annually and is calculated on the market value of the property as at 1/1/18. The rates applicable are between 0,2‰ – 0,3‰ depending on the local municipality authority.

The market value of the property is revised every 5 years.

3.Sewage Tax

Sewage Tax is calculated at 0,63‰ on the market value of the property as at 1/1/18.

Note

The market value of the property is written on the title deed.

4.Local Authority Fees

Depending on the local municipality these fees are between €100 – €350 per year.