What is Property Tax and When Is It Paid?
The type of tax levied on the land or building owned by the person is called property tax. According to the Real Estate Tax Law No. 1319, all buildings within the borders of the country are subject to building tax and lands are subject to land tax. The owner of the land or the building, the usufruct owner, if any, or both, if not both, those who use the real estate as the owner are liable to pay the property tax. In order to determine the property tax value, the property owner must first declare the property.
What is a Property Statement?
People who buy real estate should apply to the municipality where their property is located and make a real estate declaration. The Real Estate Statement can be made by going to the relevant municipality or it can be made from the e-government Deed of Immovable Statement page. The documents that must be submitted to make a real estate declaration are:
- Copy of identity card of the real estate owner
- Building permit
- Address and phone information
- A copy of the settlement
- Filled real estate notification form based on title deed records
When is Property Tax Payable?
Property tax is paid each year in two installments or at once. The first installment must be paid in March, April, May, and the second installment in November. Tax payment can be made by going to the municipality where the real estate is located. It is also possible to make online payments through the systems of municipalities providing e-municipal services. The real estate tax is determined by the municipalities every year over the current market value of the real estate.
Which Properties Are Not Subject to Tax?
According to Article 4 of the Property Tax Law, building tax is not paid for agricultural business buildings, government buildings, army houses, military casinos, places of worship, embassies and consulates of foreign states, and dams. According to the 14th article of the relevant law, lands belonging to the state, cemeteries and lands belonging to foreign countries are also not subject to tax.
Who Is Exempted From Property Tax?
Housewives, widows, unemployed, relatives of martyrs, veterans or retired persons are not obliged to pay property tax. In addition, there are conditions such as the requirement that the real estate be less than 200 square meters in order to benefit from the real estate tax exemption. To learn the details of the necessary conditions for real estate tax exemption, “Who is exempt from Real Estate Tax?” You can read our article.
