Information on Taxes, Payments and Insurance with Real Estate and Property:
- Annual property tax, environment tax and tax for the protection of culture and natural creations are payable to the Municipality.
- These taxes are payable in two instalments:
- The first between March and May.
- The second in November.
(Property-Value can be found on the "Tapu")
(depends on the Exchange-Rate)
- Note: This insurance by Law covers just a small amount of the value of your Real Estate. Therefore we recommend that you insure the remaining part of value of your Real Estate, which is not covered by the Turkish State's insurance, by a private insurance. So in a case of Earthquake and loss of the whole Building you are getting back all the money which you invested into your Real Estate.
Taxes regarding renting out Properties, Sell Properties etc.:
- If you sell the property after 4 years, you are not under Tax obligation. All the profit is yours.
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