24.10.2008 Tax Valuation of Properties in Bulgaria to Increase in 2009
BULGARIAN PROPERTIES Head Office
The government’s decision for increasing the tax valuation will lead to the increase of the property tax. The municipalities are the ones to set the size of this tax within certain limits as the government decided next year the tax’s maximum size to be 2 promilles as at the moment it is between 1.5 and 3 promilles. Therefore, the highest property tax will amount to 2 thousandths of its valuation.
The minimum and maximum amounts of property taxes for acquisition and for inheritance of properties will be decreased so as to compensate the increase in the tax valuation.
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