Government backs minimum property tax rates
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The Cabinet of Ministers supports the introduction of minimum real estate tax rates

The government backs the parliamentary initiative on the re-introduction of the minimum rates of the real estate tax, as well as the transfer of the right to local public administration bodies to establish exemptions or exemptions on the payment of real estate tax for certain categories of citizens.
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real estate taxes

The cabinet said this in an opinion on a legislative initiative registered in parliament in February, which will be examined by the government during a meeting today. It is also reported that during the elaboration of the fiscal and tax and customs policy for 2027, the regulatory framework in the field of real estate taxation will be revised.

Today, Article 280 of the Tax Code stipulates that the minimum tax rate may not be lower than 0.05% of the taxable base of immovable property.

Measures to reduce the tax burden

The deputies of the faction of the bloc “Alternative” proposed measures to reduce the tax burden on taxpayers – individuals, which may increase after the mass valuation of real estate, and to provide more flexibility to local public authorities.

In particular, in the situation of a possible increase in the real estate tax, they propose to eliminate the minimum rate, giving local councils the opportunity to independently approve a specific real estate tax rate.



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