The immovable property tax is levied on the market value of the property as assessed on the 1st January 1980 and it refers to the immovable property registered in the name of the tax payer on the 1st January of each year.
The rate of taxation is as follows:
Owners of immovable property are also subject to minor taxation under other laws, such as municipal or village rates, sewerage fees and refuse collection charges, ranging from CY£50 to CY£100 per annum.
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The rate of taxation is as follows:
VALUE OF PROPERTY IN CY£ RATE CUMULATIVE TAX IN CY£ Value from Value to - 100.000 0% 0 100.001 250.000 0.2% 300 250.001 500.000 0.3% 1.050 500.001 over 3.5%
Owners of immovable property are also subject to minor taxation under other laws, such as municipal or village rates, sewerage fees and refuse collection charges, ranging from CY£50 to CY£100 per annum.
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You may also be interested in the following sites:
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