All you need to know about real estate tax in Turkey
The real estate market in Turkey attracts a lot of foreign investors, and in the last few years a lot of foreign investments have been established in it as a strong and active market.
As an investor when you decide to buy a #property_in_turkey you’ll think about many things such as taxes, and in this article we are going to talk about real estate taxes in Turkey:
The title deed tax:
This tax is obliged when the title deed is registered at the land registry department in Turkey, and it is 4% of the property’s total price and is usually paid equally between the buyer and the seller.
Municipality tax fees:
The municipalities in Turkey usually oblige annual fees on the properties that are in its district, and it equals 0.03% of the property’s price, which is 30 dollars for every 100 thousand dollars, these fees are paid for the services that the municipality provides.
Earthquakes and natural disasters Insurance fees:
An annual tax that the owner pays to secure his property against natural disasters and it varies according to the location but in general it equals 2 dollars for every m2 of the apartment's total space area.