Cyprus Properties - Alpha Panareti Public Limited
05:39
 Mon. 2008

On-going expenses

The registered owner of a property is liable for an annual tax, based on the value of the property.

Value EUR Annual tax per thousand
Up to 170,860.14 exempt
170,860.15 to 427,150.362.50
427,150.37 to 854,300.72 3.50
Over 854,300.734.00


However, the charges are based on the current market value of the property as at 1st January 1980. In practice therefore, this means that you are unlikely to be liable for the tax as the law stands at present.



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