04.12.2025 22:05
With the bill approved by the Turkish Grand National Assembly, an upper limit has been set for property tax. Accordingly, in 2026, the tax values for buildings and land cannot exceed twice the values of 2025. The revaluation increase will also be carried out at the full rate instead of the half rate.
With the law proposal accepted in the Turkish Grand National Assembly, the property tax in 2026 will not exceed twice the tax values of 2025.
4 MORE ARTICLES RELATED TO THE TAX LAW HAVE BEEN ACCEPTED
In the General Assembly of the Turkish Grand National Assembly, 4 more articles of the Law Proposal on Amendments to the Tax Laws and Certain Laws and Decree Law No. 631, which also includes regulations related to taxes, were accepted.
UPPER LIMIT SET FOR PROPERTY TAX
One of those articles related to "property tax" drew attention. According to the new regulation, an upper limit has been set for property tax. The tax values for buildings and land to be calculated for the year 2026 cannot exceed twice the tax values for the year 2025.
On the other hand, the property tax value will be increased each year, starting from the year following the year in which the tax liability began, by the revaluation rate over the previous year's tax value. In the current practice, this increase was made at half the revaluation rate. Thus, the property tax base will be updated each year at the full revaluation rate.
According to the articles accepted in the General Assembly, with the amendment made to the Fees Law, if it is determined that a fee has been paid on a value lower than the property tax value after the transaction made at the land registry, or that the declared transfer and acquisition value does not reflect the actual situation, the tax loss penalty will be applied as "one time" instead of 25% on the difference.
In the transfer and acquisition of real estate based on a consideration or a care contract until death, or according to the provisions of exchange, the declared transfer and acquisition value shall not be less than the property tax value of the real estate (in cases of compulsory execution and partition, the sale price based on the assessed value in expropriations) for both the transferor and the transferee, and the rate in the provision will also apply to the transfer of real estate without a registration in the land registry through possession transfer agreements.