Romania wants to raise property taxes

07.06.2010 12:01
The tax will be increased to two or more owners of residential real estate.

If the object is not rented, the owner of "additional" housing will pay for it 15% more. Tax on second "additional" facility housing increased by 50% in the third - by 75% in the fourth and subsequent - 100%.

For homeowners, which is rented, increasing the tax on the first and second "additional" objects will be 30% and 100%, respectively, on the third and subsequent - 200%.

According Prian, there is a new measure until a bill. Thanks to the Romanian authorities expect to significantly increase revenues in municipal budgets.

Currently, in Romania the tax rate on residential property ownership is 0,1% of the appraised value of the object. Owners of "additional" housing paid for it as much and for the main residence.
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