Property tax — how much is it?
All owners of apartments and other properties in Northern Cyprus pay property tax, which is calculated at the rate of 1 Turkish Lira per 1 square meter of the area of the apartment or house. The tax is paid once a year. Other taxes, such as property purchase tax (6 % of the cost), VAT (5%) and stamp duty are paid once after the transaction is completed.
Ask an additional question >>