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
As autumn is in full swing, the real estate market in Bulgaria remains stable and active in anticipation of the eurozone entry.
Property prices continue to rise, and interest in new-build projects remains strong, especially for modern complexes with guaranteed quality. The year also appears to be one of the strongest for a rise in demand for rural houses which are offered in quite ...
The real estate market in Bulgaria's major cities is calmer than expected, just months before Bulgaria joins the eurozone. The euphoria and large sales volume remained in the first half of the year, until the decision to accept the country into the eurozone. This was commented on by Polina Stoykova MRICS, Managing Director and co-owner of the real estate agency Bulgarian Properties, during the Rea...
Twenty years ago, Bulgaria became one of the most attractive destinations for British buyers searching for affordable holiday homes and retirement havens. Now, two decades later, the trend is back – and stronger than ever.
One of the many inspiring stories we’ve witnessed recently is that of Yossef, a buyer from the UK who came to explore Bulgaria with the hope of find...
🏆 Your Trusted Partners in the Peak of the Real Estate Season!
As autumn settles in, the property market in Bulgaria is showing no signs of slowing down!
Between national holidays, the start of the school year, and the buzz of city life, we at BULGARIAN PROPERTIES have been working at full speed to bring buyers and sellers together in successful transactions...
