All citizens who own property are required to pay a specific tax known as property tax for their properties. This article provides comprehensive information about who is obligated to pay this tax, the payment schedule, and how it is calculated.
What is Property Tax?
According to Law No. 1319 on Property Tax in Turkey, buildings, lands, and plots located within the country are subject to building and land tax.
- Buildings: All fixed structures on land or water, regardless of construction materials, are taxable. However, movable structures like floating pools, mobile homes, tents, and vehicles are exempt from this tax.
- Lands and plots: This refers to land parcels within municipal boundaries that have been divided into specific plots.
The building and land tax is paid by the owner or the individual with the right of usage.
Property Tax Payment Schedule
This tax is paid annually in two equal installments:
- First installment: March, April, and May
- Second installment: November
Failure to pay on time incurs a daily late penalty. As of November 14, 2023, this penalty rate was 3.5%, which increased to 4.5% starting May 21, 2024.
How to Check the Amount of Property Tax?
- Online: Via the e-Devlet platform in the “Tax Debt Inquiry and Payment” section.
- Municipalities: In person or through official municipal websites.
Notifications regarding property tax debts may be sent via email or SMS by municipalities, but the primary responsibility for tracking and payment lies with the property owner.
How is Property Tax Calculated?
The tax is calculated based on the determined value of the property and the rates stipulated in Law No. 1319.
Determining the Tax Base
The 2024 property tax base is calculated based on the 2023 value with a 29.23% increase.
- Example: A property valued at 1,000,000 TL in 2023 will be assessed at 1,292,300 TL in 2024.
Tax Rates
- Residential buildings: 1‰
- Non-residential buildings: 2‰
- Plots: 3‰
- Agricultural land: 1‰
(For properties in metropolitan municipalities, these rates are doubled.)
Exemptions
The following groups are exempt from paying property tax:
- Retirees, individuals with no income, disabled persons, families of martyrs, and veterans (for a single property up to 200 m² that is their sole asset).
- Properties owned by government institutions, universities, and housing organizations are also exempt.
Consequences of Non-Payment
Failure to pay on time results in daily late penalties determined under Law No. 6183.
How to Pay Property Tax?
- In person at the municipality responsible for the property.
- Via the municipality’s website or mobile application.
- Through internet banking or mobile banking applications.
Investment Information
The information provided is for general purposes only and does not constitute personal investment advice.