Immovable Property Tax
Immovable Property Tax is imposed on the market value as at 1 January 1980 and applies to the immovable property owned by the taxpayer on 1 January of each year.
This tax is payable on 30 September each year. Physical and legal persons are both liable to Immovable Property Tax.
| Property value € | Rate % | Tax € | Accumulated Tax € |
| 0 – 120.000 | - | - | - |
| 120.001-170.000 | 0,4 | 200 | 200 |
| 170.001-300.000 | 0,5 | 650 | 850 |
| 300.001-500.000 | 0,6 | 1.200 | 2.050 |
| 500.001-800.000 | 0,7 | 2.100 | 4.150 |
| Over 800.000 | 0,8 |