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.