Real estate tax is a type of tax that must be paid to the relevant municipality for an immovable real estate by the owner. Real estate tax is paid on the property owned. It is enacted to be paid in 2 equal instalments per year. The first tax instalments of the real estate tax are paid in March, April and May, and the second instalment is paid in November of the same year.
When Is Real Estate Tax Paid?
Tax liability begins with ownership of the property. However, the former owner must pay the tax debt in the first year. That year, the new owner has to submit the real estate tax to the municipality. The buyer of the property notifies the relevant municipality of the purchase and the tax liability begins the following year. For example, when a person purchases a property in 2022, the real estate tax of the house purchased for year 2022 will be paid by the seller. The liability of the new owner begins in 2023. Owners of condominiums and building or land are liable in proportion to their shares in real estate tax. If the property is jointly owned, it is stipulated that the owners are jointly and severally liable for taxation.
Who Pays The Real Estate Tax?
Real estate taxpayer is calculated and paid when real estate is purchased or transferred after registration with the relevant municipality. Tax: If the building, land and field are owned and both are paid by the account owners, the real estate tax is paid by the right holders.
Real Estate Tax Liability
Building and real estate tax liability begins the year following the year the purchase is made for that property taxpayer. Owners of houses, flats, land or field owe the tax as the real estate taxpayer for the property in question. In the event of sale of the real estate owned, the liability ends in the tax year following the sale. The liability of the buildings that are burned, destroyed, become completely unusable or that meet the exemption conditions while subject to tax ends in instalments from the date of these events. Taxpayers cannot collect tax ex officio from the instalments after the date of occurrence of these events for the buildings whose residence and use are prohibited after the notification to the tax offices or based on the permits given by the tax offices.
For the payment of the real estate tax, a declaration is not submitted by the real estate taxpayer as in the case of income tax. In addition, the real estate tax is not notified to the taxpayer. The first purchase and presentation of the real estate is in the form of a declaration valid during the occupancy. In other words, the buyer submits it to the relevant municipality within 3 months after the purchase and this presentation is considered as the declaration of the real estate tax. Municipalities do not notify the person of the tax debt for the real estate tax. The property owners are automatically responsible for paying the first and second instalments of the tax just like with the motor vehicle tax and must pay the augment.