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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


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