In short, real estate tax is tax that must be paid annually for the property owned by a person. Real estate means long-term assets such as house, land, garden, office. Regarding the Real Estate Tax No. 1319 in our country, citizens who own this property are required to pay real estate tax at the rate of the real estate tax determined regularly every year.
How is Real Estate Tax Calculated?
Regarding the calculation of real estate tax, it is necessary to know that the property in question is taxed according to its type. In other words, separate tax rates are used for separate plots for houses. In addition, the location of the land or house or building in your city is also important in terms of actual valuation. For example, the property tax rates of a house located in the outskirts and a house in the city center that benefit from all kinds of services of the city will not be the same. In addition to this information, how is the real estate tax rate determined and how is the real estate tax calculated? It is necessary to know other details to answer the question.
When calculating the real estate tax, the type of property you own is also taken into consideration. The rate of real estate tax is used according to the type of property owned. This difference is one percent of the real value for flats used as residences, two percent of the real value for workplaces and three percent for lands. While calculating the real estate tax, the real value of the real estate subject to the tax is prioritized.
Where and How Is Real Estate Tax Paid?
Local municipalities are the beneficiaries of the real estate tax calculated over the current values determined by the municipal authorities. The taxpayer is the legal owner of the land and building in question. These fees are collected by the municipalities. For this reason, you can pay by going to the municipality where the property you own is located. After the real estate tax in question is calculated, it can be paid by the taxpayer in two equal installments to the municipal cashier or through banks. The first installment must be paid in March, April and May, while the second installment must be paid in November.
In addition, the taxpayer is never notified after the real estate tax is calculated over the rate of the determined real estate tax. Property owners know that the first and second installments will be paid in certain months of the year and it is legally accepted as such. In this respect, it is similar to the motor vehicle tax. If the taxpayer wishes, he can pay both installments at once.