Call
Send Email
Messenger
WhatsApp
Tax Valuation of Properties in Bulgaria to Increase in 2009
The Bulgarian government adopted a tax law package with which it increases the tax valuation of properties by 50 percent in 2009. This measure was undertaken due to the increase of market prices of real estate and the lagging behind of the tax valuations.
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.
If you have any questions please contact us
Read more news
More News
Summer is in full swing, and the property market continues to prove that the right listings make all the difference! ☀🏡
July brought important market data and sparked wide discussion about the future direction of transaction volumes and property prices. The market is entering a more balanced phase, buyers are becoming more cautious, and their choices are increasingly s...
This partnership combines the ambitious vision of OKOL Lake Park with BULGARIAN PROPERTIES’ many years of experience and international client network.
We are pleased to announce that BULGARIAN PROPERTIES has become a partner of OKOL Lake Park for the sale of apartments in the complex.
This new partnership brings together one of the most impressive new re...
According to industry data, the number of real estate transactions in Bulgaria has decreased by between 15 and 20% nationwide, but this has not led to a drop in prices. On the contrary—they have risen by about 25% year-over-year, Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES, noted on “Good Morning, Europe.” According to her, buyers’ interest is increasingly focused on larger ho...
Summer is in full swing, and the property market in Bulgaria continues to offer excellent opportunities for those who stay informed and act at the right time.
June brought valuable market insights and in-depth analysis, confirming that the market is moving into a more balanced phase. Buyers are becoming more selective, supply is gradually increasing, and successful transactions inc...
