11.09.2025 08:00
The significant increase in property taxes set to take effect in 2026 has sparked public debate. In major cities, property taxes are expected to rise by 10-15 times, while in Başakşehir, a 5000% increase is anticipated. Vice President Cevdet Yılmaz announced that regulations will be made regarding the exorbitant increase that has caused backlash, and it will be brought to the agenda when the Parliament opens in October.
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After the increase of up to 500% in the property valuation rates, the property tax will also rise. In some areas of metropolitan cities, the increase reaches up to 1400%. As reactions to this unexpected increase in valuation rates rise, the government is preparing to make regulations to prevent exorbitant increases. Vice President Cevdet Yılmaz announced that studies regarding property tax are ongoing and that the new regulation will be on the agenda when the Parliament opens.
Yılmaz made a statement regarding the new regulatory studies on property tax during a TRT News broadcast. Stating that "Our party's deputy chairman responsible for local governments, our relevant ministries, and our group are conducting a joint study," Yılmaz said the following:
LEGAL REGULATION WILL BE MADE WHEN THE PARLIAMENT OPENS
"Essentially, this issue is the concern of local governments. These are the figures determined by municipalities and local administrations. And of course, we cannot be insensitive to the complaints of our citizens. Especially, we see both exorbitant increases and very different increases. Therefore, our party's deputy chairman responsible for local governments, our relevant ministries, and our group are conducting a joint study on this matter. This is something that requires legal regulation when our Parliament opens. I believe that these preparations will come to the discretion of our Parliament when it opens."
"IT IS WRONG TO IMPOSE A COST ON OUR CITIZENS WITH HIGH INCREASES"
Our main principle here is this: Of course, these updates are made every 4-5 years. Therefore, it is normal to have some updates here. It is also important for the sustainability of local governments' financing, but on the other hand, it is wrong to impose unfair and very high increases as a cost on our citizens. We foresee achieving this balance with this regulation. We will try to establish a balance that will ensure both the financial sustainability of local governments and that citizens do not face unfair pricing."
NEW FORMULA: AUTOMATIC VALUATION
According to the work to be done, the AK Party's Economic Affairs Presidency, Local Governments Presidency, and Parliamentary Group are working on alternative formulas related to the issue. Among the options on the table, instead of determining the valuation rate through commissions, it is emphasized that it will be automatically updated every year with fixed rates. While automatic increases are applied under normal market conditions, it is planned that commissions will step in to determine the valuation rate during extraordinary periods.
ERDOĞAN HAD GIVEN INSTRUCTIONS
President Recep Tayyip Erdoğan had given instructions on the matter during the AK Party's Central Executive Committee meeting. AK Party Local Governments Chairman Mustafa Demir stated that they will not allow increases that do not reflect real market conditions, saying, "Under the leadership of our President, we will prevent grievances. We are in a municipal understanding that does not burden our citizens but allows them to breathe."
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