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Immovable Property Tax

Cyprus Property Tax

In Cyprus, Immovable Property Tax is payable on 30 September each year

It is imposed on the market value of the property as of 1 January 1980 and is calculated on the immovable property owned by the taxpayer on 1 January of each year. Both physical and legal persons are liable for this tax.

Applicable Rates up to 31/12/2011

Value of property € Rate %
0 – 170,860 0
170,861 – 427,150 0,25
427,151 – 854,300 0,35
854,301 and over 0,40

 

Applicable Rates from 1/1/2012

Value of property € Rate %
0 – 120,000 0
120,001 – 170,000 0,25
170,001 – 300,000 0,50
300,001 – 500,000 0,60
500,001 – 800,000 0,70
800,00 and over 0,80

Have questions about Immovable Property Tax in Cyprus? Learn more >

P. Constantinou & Co Ltd is an Audit, Tax & Consulting firm based in Limassol, Cyprus, offering a full range of professional services. With an extended network of selected ‘Top of the Line’ associate companies, both in Cyprus and abroad, we can accommodate every need of a company.

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