Calculating Immovable Property Tax

As of 2015, the annual immovable property tax payable by property owners is based on the official values provided as at 2013 (as opposed to 1980 values used for previous years) and is calculated at the new rate of 1 per thousand (lower rate than previous years). The immovable property tax is payable by the 31st of December of each calendar year. No tax is payable if the immovable property tax due is up to €25. Every year, incentive discounts are announced to owners who pay earlier than the deadline.

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