How much will the property tax increase in 2020? The amount of increase in property taxes that are automatically applied is beginning to become clear.
How much real estate taxes will be, how much will the property tax increase in 2020?
From 1 January 2020 onwards, many taxes , fees, and traffic fines will increase by 22.55%.
The increase to be applied to everything in the coming year will be based on the Reassessment Hike rate (Yeniden Değerlendirme Zammı).
With the announcement of inflation on 4 November, the rate of Reassessment Hike will also become clearer.
Although the Domestic Producer Price Index (D-PPI) has not announced, the price increase to be applied based on the Reassessment Hike rate is largely determined.
According to the Turkish Statistical Center data, even if the local D-PPI does not rise for this month, the increase of Reassessment Hike is expected to be at least 22.55%.
Real estate taxes will increase
By the laws, real estate taxes are increased by half of the Reassessment Hike rate.
Therefore, the real estate tax will increase by at least 11.28% next year.
On the other hand, environmental taxes, garbage, and wastewater costs will increase by at least Reassessment Hike.
Edit By: Realty Group