Additional levies, which can reach up to three times the current levels, would be imposed on property owners by the Local Government Code, put up for consultation until June 4, in an Interior Ministry bill.
It establishes two new property ownership taxes, which are expected to bring a two or three times greater burden in total compared to the current level.
The Local Development Fee is coming to replace the current Real Estate Fee (TAP) and the Electrified Premises Tax, which is itself a higher burden. This is because it will be calculated with a coefficient ranging from 0.03% to 0.07% on the square meters of the surface of each property, multiplied by the objective zone price per square meter, which applies in the area of the property and by the age coefficient of the property.
TAP is calculated with lower coefficients, ranging from 0.025% to 0.035%, while the Electrified Premises Tax ranges from €0.02 to €0.07 per year, per square meter of surface with electricity. At the same time, the new code also includes a new Regional Development Fee, with a coefficient from 0.015% to 0.035% on the taxable (“objective”) value of the property. The revenues from the regional fee will be allocated exclusively to the financing of projects under the responsibility of the region.
