Home    Households Next To Social Facilities Will Pay Higher Tax And Land Register Fee

The button was pressed to change the ‘real estate price’, which is based on the real estate tax and title fees. The current fair value determined by the municipalities will be determined again. This time the fair value will be taken into account in the ‘shopping center, hospital’ social facilities beside the real estates. The fair value of such structures will be higher. Taxes payable will also be higher than in normal houses.

Land-real-estate

The Ministry of Finance has gone after real estate rents. The ministry, which is under scrutiny of the fair value, has found that the fair value currently determined by the municipalities is well below the actual value. To this end, work has been initiated to re-determine the fair value of 81 provinces and districts across Turkey.

According to the work carried out by the Ministry of Finance and the Ministry of Environment and Urbanism, new criteria are being studied in determining the fair value.

Social facilities are among the criteria studied. For example, the fair value of real estate next to social facilities such as mall, hospital and school will be higher.

This will lead to a higher real estate tax for people living next to the shopping mall or social facilities and paying land tax.

According to the work carried out by the Ministry of Finance and the Ministry of Environment and Urbanism, new criteria are being studied in determining the fair value.

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