“A super-tax for those who keep apartments empty and anyone who owns coastal villas, along with a sharply increased price for water used in swimming pools.”
Anyone who owns a home will pay more tax. Those who own two or more apartments will have to dig even deeper into their pockets. The draft law proposing changes to the property tax system has been released for public consultation.
Të lidhura
None found
It has been confirmed that in 2026, properties will be taxed based on their market value rather than reference prices. This is the first fundamental change, as it means properties will be valued higher and, consequently, the tax on them will also be higher. This tax will be collected through water bills.
“The second fundamental change concerns the property tax system. The tax rate for residential apartments is 0.05 percent. It will rise to between 0.1 and 0.2 percent, depending on the decision of the local municipal council.”
Shopping centers, agricultural properties and industrial properties will be taxed at 0.15 to 0.25 of the building’s value.
Those who fail to complete construction on time will face a much steeper tax, amounting to 30 percent of the property’s value.
“For those who own one home, the tax amount remains the same despite the change in the system. Although the tax rate will increase to 0.1 percent, half will be deducted. What changes for them is that taxation will be based on market value rather than reference prices, meaning they will still have to pay somewhat more than they do today.”
For those who own two homes, the tax on the first apartment will remain unchanged, while the rate for the second will rise to between 0.1 and 0.2 percent, depending on the municipality where it is located.
Specifically, for an individual who owns two apartments worth 8 million lek each, the tax payment on the first home will remain at 4,000 lek, while the payment on the second will rise to 12,000 lek.
