Investment Guide

Rate of Real Estate Tax

The rate of real estate tax is determined as different, normal, incremental and discounted rates according to the purpose of use of the various buildings, their location and some properties of the owners.

    The rates in the property tax are determined as one-thousandth for dwellings and two-thousandths for other buildings and businesses. The Council of Ministers is authorized to reduce these rates by half and increase them threefold. For buildings within the boundaries of metropolitan municipalities, these rates are increased by 100%, in other words, two-thousandths in residential buildings and four-thousandths in other buildings. On the other hand, it is foreseen that the land tax, which is significant in urbanization and generally subject to a higher rate of tax than the buildings, cannot be less than the tax to be collected from the land in order to prevent the sanitary objections to be filled with makeshift or unlicensed buildings.

    Property tax rate for retirees, housewives, disabled people, veterans, martyrs, widows, orphans and those who have no income, reduced to zero and not received since 2007, provided that they have a single dwelling whose gross area does not exceed 200 m2.

    The discounted rate is applied to the portion of the tax value that hits the share. It is not deemed necessary to live in the residence of the taxpayer himself. However, those who have shares in more than one dwelling cannot benefit from the discount in dwellings. In order to benefit from the reduced rate, an application must be made to the municipality. Proof of documents clearly demonstrating the situation must be submitted together. If any of the conditions to benefit from the reduced rate is lost, the change is notified.

Rate Type

Building Type

Location of Building

Taxpayer Status

Rate (per thousand)

Normal

Residential

-

-

1

Non-Residential

-

-

2

Incremental

Residential

Metropolitan borders and their adjacent areas

-

2

Non-Residential

Metropolitan borders and their adjacent areas

-

4

Reduced

Residential

(In case of having a single house not exceeding 200 m2)

-

People with no income.

0

-

Only persons who receive monthly Social Security Authority.

0

-

Veterans, widows and orphans of martyrs

0