The Minister of Finance determines the maximum real estate tax rates. However, the municipality decides in the decision how much its residents will pay – provided that the rates indicated by the Minister are not exceeded. Furthermore, if the municipality fails to approve it in a timely manner, it must retain the current amounts.
Annual indexation of maximum property tax rates
The maximum rates determined by the Minister are indexed every year. The main factor here is the price index for consumer goods and services in the first half of the year compared to the same period of the previous year. This means that since in the first half of 2024 they were 102.7 (i.e. prices rose by 2.7%), the maximum property tax rates in 2025 will rise by 2.7%. Compared to 2024. It has been rounded to a large total.
What will the maximum property tax rates be in 2025?
The new maximum property taxes were set out in the Minister of Finance’s notification dated 25 July 2024 regarding the upper limits of local taxes and fees for 2025.
Land tax:
