a
Print
version

Czech Republic is going to increase property tax next year

  • 17
Property tax rates will increase to approximately 1.8 times their current value

What has happened? Most owners in the Czech Republic will face an increase in property taxes next year, and some will pay thousands CZK more, wrote news portal Czech Daily.

Quote. "Current property tax rates for 2024 will increase to approximately 1.8 times their current value. This increase applies to all immovable property, provided it is not exempt from tax or the subject of tax", said Finance Ministry spokesperson Petra Vodstrčilová.

Details. While municipalities will have the option to cut the tax by about a tenth, few are expected to do so, local government officials said.

Examples.This year people paid CZK 1,720 (about €71) for an apartment of 70 sq. in a residential building in the Zizkov district of Prague. According to calculations by the Financial Administration, next year with the proposed increase in the basic tax rate this amount will rise to CZK 3,010 (€123).

Please read also: Apartment Prices In Czechia began to decrease

Source: Budapest Business Journal

Photo by Jaromír Kavan on Unsplash

Quoting conditions of Prian.info materials

Share the link:
Tags: Czech Republic, Market Analysis, Investment, Taxes and fees, Life abroad, Real Estate, Property Maintenance

Read also

The Czech Ministry of Internal Affairs has introduced a new law aimed at regulating the entry and stay of foreigners in the country
The main peculiarity of the new legislation is the digitalization of the procedure for obtaining...
Deloitte has presented the latest overview of European residential property markets
The experts have named the most expensive and the most affordable countries and locations.
Housing Has Risen in Price in the Czechia
The cost of housing rose to its historical maximum in the first half of last year.
European lawmakers have agreed on a draft regulation for data collection and sharing for short-term rental services
The landlords and online platforms will have to send monthly reports to the authorities.
High interest rates will have a long-term impact on European home prices – opinion of Standard & Poor’s
In most European countries, housing costs will fall by about 8% by the end of 2024.
The Czech Republic has approved a program for digital nomads. But only from certain countries
The country wants to attract IT specialists and other skilled people.

Interesting to read

News and articles on the topic «Czech Republic»

The Czech Ministry of Internal Affairs has introduced a new law aimed at regulating the entry and stay of foreigners in the country

The main peculiarity of the new legislation is the digitalization of the procedure for obtaining...

  • 26.01.2024
  • 10

The easiest сountries to get сitizenship in the EU have been revealed

The study was conducted by the Canadian immigration agency CanadaCIS.

  • 18.01.2024
  • 93