Sat, May 26 2012

PROPERTY TAX INCREASES IN BULGARIA

Tue, Jan 03 2006 01:00 CET

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Sofia residents will have to pay between 20 and 60 leva higher property taxes this year. Starting from January, the new tax evaluations will produce taxes that are 20 to 30 per cent higher. In Sofia and other major cities, the increase will be 30 per cent. Residents of the capital will also pay higher refuse collection taxes. Combined with the higher property evaluation, refuse collection fees will increase on average between 10 and 40 leva, depending on the neighbourhood, type of building and size of the apartment, Standart newspaper reported.
Taxes in some Bulgarian resorts will increase by nearly 45 per cent. The increase is higher than that in cities because of the sharp increase in the price of resort property. The owners of real estate worth up to 1400 leva will not pay taxes. Tax collection this year will begin in March. City councils have until then to calculate refuse collection fees.

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