Online payment in estate tax

Online payment in estate tax

Real estate tax 2020 first installment payments started. It began to pay real estate tax for real estate owners millions of homes and businesses located within the boundaries of Turkey. Ease of ‘online payment’ has been introduced for taxpayers for property tax payments.

Those who have not disposed of the real estate tax real estate collected annually from real estate such as land, building, land, and those who bought real estate last year will pay this year. The first installment payments for 2020 started in May. It will end on Sunday, May 31. We recommend that taxpayers do not leave their payments to the last day in order to avoid any grievances. Taxpayers who have passed the due date will be subject to criminal processing. There will be a 2 percent delay hike for each month. Those who declare that they have no income will be exempt from paying property tax for the houses they own only from social security institutions, veterans, disabled people, martyred widows and orphans, provided that they do not exceed 200 square meters of gross.

Who will pay the real estate tax?

The building tax will be paid by the owner of the building, the owner of usufruct, if any, and those who save money, such as the owner. In the case of shared ownership of a building, those who own it are counted as taxpayers in proportion to their shares. Ownership is held jointly in charge of tax in co-operation.

Who is exempt from real estate tax?

– With no income,

– Retirees who do not have any income other than their monthly salary from social security institutions,

– Veterans,

– Disabled,

– Martyrs,

– Widows and orphans, and

– Unemployed are in the category of property tax exempt.

Real estate tax calculation?

Real estate values are redefined by discretionary commissions every 4 years. Finally, the values determined in 2017 will be valid until 2021. The revaluation rate is added to the figure determined in the interim years. The revaluation rate was determined as 22.58 percent for this year. Accordingly, the calculation will be made by increasing the Real Estate Tax value by 11.29 percent, which is half of the revaluation rate (23.73 / 2 percent). Property tax payments can now be made online.

You can complete your real estate tax payment by logging in through the e-government system.

https://www.turkiye.gov.tr/

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