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Purchase Guide -Immovable Property Tax

The annual immovable property tax is calculated on the market value of the property as of 1st January 1980. This stated rate for immovable property tax are applicable to owners of registered property. Property with value up to €171,000 is exempt.

Market value of property (Euros)Annual Property tax (%)


Up to   €171,000  Exempt
From
to .
 €171,00
€427,500
 .25%
From
to       
€427,500
€855,000
 .35%
Over    €855,000 .  .4%
   
   
 
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PURCHASE GUIDE: The one off costs you need to be aware of during purchasing of both Land and Properties in Cyprus.

   
  Transfer fees for title deeds and specific performance    
  Stamp Duty    
  Immovable Property Tax    
  Annual Costs    
  Capital Gains Tax    
  Legal Fees    

 

 

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