Turkey, noting significant progress with its developing economy in recent years, investments in construction and real estate sectors, is becoming a center of attraction for institutional and individual investors. In this process, the country offers significant opportunities to foreign investors who need to master local dynamics to make successful investment decisions. As Trem Global team, we are closely following developments in order to provide support to investors in real estate acquisition and investment issues, which are highly dependent on internal and external factors and have unique problems, with our experienced and industry-dominated staff. In order to meet the needs of our customers in Turkey, and to help them achieve successful results in investment decisions we present Real Estate Acquisition and Investment Guide in Turkey to the investors, where we provide sector-specific knowledge. The information in this guide is general, not social, tax or legal advice.
The first installment of the property tax is paid in March, April and May and the second installment is in November. Real estate taxes of property assets such as buildings, which are characterized by the name of the immovable, are paid through the taxpayers who own the property. Immovable property owners can apply to the real estate services directorates of their respective municipal councils and make payments.
The immovable property must be paid to the municipality to which it belongs. In case of immovable properties that are obliged to pay the property tax in another city, payments can be made from any municipality by PTT or by taking the Property Tax Liability number into a bank account number belonging to the Municipalities. In addition, property tax can be made online via the Internet. Payments can be paid online by accessing the relevant tab from the e-municipality system of the municipalities.