Property Tax in Turkey

As of the most recent updates, properties valued above TRY 6,173,000 are subject to the Valuable Housing Tax. This threshold is adjusted annually for inflation.

Exemptions include public properties, social housing projects, uninhabitable or incomplete properties, and single residential properties owned by individuals, provided they meet certain conditions.

The property value is determined by the General Directorate of Land Registry and Cadastre or through expert valuation reports from authorized real estate appraisal firms.

• 0.3% for properties valued between TRY 6,173,000 and TRY 9,260,000.
• 0.6% for properties valued between TRY 9,260,001 and TRY 12,346,000.
• 1% for properties valued above TRY 12,346,000.

The tax is typically paid in two installments:

• The first installment is due by the end of February.
• The second installment is due by the end of August.

Yes, property owners can file an objection with the local tax office and request a revaluation by an independent expert if they believe the appraised value is incorrect.

Yes, foreigners who own high-value residential properties in Turkey are subject to the same tax regulations as Turkish citizens.

Missing the payment deadline can result in penalties and interest charges. It is crucial to pay on time or contact the tax office for guidance in case of difficulties.

Yes, the tax can typically be paid in two installments, one in February and the other in August.

No, the Valuable Housing Tax specifically applies to residential properties, and virtual office addresses do not fall under this category.

Regularly check the official website of the Turkish Revenue Administration or consult a tax professional to stay informed about updates to thresholds, rates, and regulations.

Yes, each residential property owned that exceeds the threshold value is taxed individually, potentially increasing your overall tax liability.

Consult with a tax advisor or the local tax office to explore options, such as installment payments or evaluating whether you qualify for exemptions.

Exemption eligibility is determined by specific criteria, such as the purpose of the property (e.g., social housing or government-owned) or the owner’s circumstances (e.g., owning only one property).

Yes, all property owners, including foreigners, must pay property tax.

Yes, property tax is paid in two installments, in May and November.

The taxable value is assessed by the local municipality and may differ from the market value

Late payments incur penalties, including interest and potential legal action.

Yes, certain groups, such as retirees, disabled individuals, and owners of cultural properties, may qualify for exemptions.

Many municipalities in Turkey offer online payment options for property tax.

Yes, properties in metropolitan areas typically have higher tax rates.

Yes, a tax identification number is required for property tax payments.