New value-based property tax set to sharply increase bills for home owners

Tirana Times
By Tirana Times October 16, 2017 17:10

New value-based property tax set to sharply increase bills for home owners

Story Highlights

  • While the official coefficient has not been unveiled yet pending the announcement of the 2018 fiscal package, the International Monetary Fund has suggested the Albanian government applies a rate between 0.076 percent to 0.114 percent on the property's market value, which at an average of 0.1 percent increases current fees by up to 5-fold, or even more if the construction site value is taken into account

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TIRANA, Oct. 16 – The new property tax the Albanian government intends to apply next January on a value-based formula initially in Tirana and other main cities is set to

Tirana Times
By Tirana Times October 16, 2017 17:10