Annual property tax in Türkiye
Last Updated: 2023-11-25Annual Property Tax
What is the annual property tax?
The annual property tax is one of the taxes imposed by the Turkish government on real estate property, whether it is owned by Turks or foreigners. This tax aims to generate revenue for the state and stimulate the effective use of real estate. The amount of this tax is determined based on the value recorded in the title deed of the property and levied on an annual basis.
Property Tax Value:
For real estate located in small municipalities, the value of the property tax is estimated at 1 per thousand of the property value, while for real estate located in large municipalities, the value of the tax is estimated at 2 per thousand of the property value.
|
Property |
Outside the Great Municipality |
Within the Greater Municipality |
|
dwellings |
1 per thousand |
2 per thousand |
|
Other buildings |
2 per thousand |
4 per thousand |
|
land |
3 per thousand |
6 per thousand |
Date of payment of annual property taxes:
Annual tax can be paid in two installments:
- Down payment: between March and May.
- Second payment: During the month of November.The tax can also be paid in one payment.
Damages of non-payment of property tax:
In the event of failure to pay the annual tax, the owner of the property must review the concerned municipality and submit a statement so that he sets a date for payment and calculates the fines resulting from the delay, as the tax value is 1.40% for each month of delay.
How to pay property tax:
Tax must be paid on time to avoid fines.
The tax can be paid at the concerned municipal centers, and the tax can also be paid from the post centers known as PTT,
The tax can also be paid through the E-belediye application of the concerned municipality, if any, and this method is the most widespread, and it can also be paid through the E-devlet application.
Exemption from property tax:
In 2006, the Turkish government approved an exemption (retirees, war wounded, children and spouses of martyrs and citizens who do not have a monthly income) provided that they have only one dwelling and that its area does not exceed 200 square meters.
In conclusion, the annual property tax is an essential part of the real estate market in Turkey, as it reflects the tax obligation of property owners. Its value changes based on several factors, but the Mersat Real Estate team specializes in providing appropriate real estate knowledge and opportunities, in addition to consulting on tax exemption laws in Turkey.
We invite you to contact our team at Mersat Properties to see the great real estate opportunities and to obtain specialized tax advice, in order to make the right decisions in the real estate world.
Editing by Mersat Real Estate team©
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