What is Real Estate Tax? When Is Property Tax Paied?

Property tax, the scope of which is determined by the Real Estate Tax Law No. 1319; is a type of tax received annually from real estate such as housing, land, place of work, land. The property tax, calculated on the price of real estate, is paid by the person (owner of the property) who has a title registration on it. *In cases where there is no property owner, those who have the right to redemption, and in cases where there is no person who has the right to gain, those who use the real estate as the owner of the property are liable to pay the tax. Property Tax, divided into building and land tax, is paid to municipalities in two installments each year, in May and November. Payments can be made through service centers of municipalities, bank accounts and e-municipalities. Before making your payment, be sure to go to the relevant page of the municipality and get information about payment points.

Things to Know

-When you purchase real estate, tax notification must be made to your municipality within the year of the purchase. In cases where the date of registration of the title coincides with the months in the last quarter of the year, notification must be made within 3 months from the date of registration.

-Second-liability approach applies to real estate buying and selling. In cases where the notification of the purchased real estate is not made by the seller, the buyer is allocated retroactive taxes and penalties.

-Penalties of illegality and tax levies are imposed on persons who do not make statements within the time frame established by the law.

-In case of death, the taxpayer must make a declaration of heir within a period of 3 months from the date of death.