Republic of Cyprus
Tax Department
Tax Rates > Direct Taxes > Immovable Property Tax Rates

Tax Rates


Immovable Property Tax Rates



1. The tax rates for immovable Property for the years from 1980 onwards are

Years 1980-1983From £11,5‰
Years 1984-1989From £0 To £35,0001,5 ‰
From £35,001To £100,0002,5‰
From £100,001To £200,0003‰
From £200,001 3,5‰
Years 1990-2002From £0To £100,0000‰
From £100,001 To £250,0002‰
From £250,000To £500,0003‰
From £500,0013,5‰
Years 2003-2007From £0To £100,0000‰
From £100,001 To £250,0002,5‰
From £250,001To £500,0003,5‰
From £500,001 4‰
Years 2008-2011From €0To €170.860,140‰
From €170.860,15 To €427.150,362,5‰
From €427.150,37To €854.300,723,5‰
From €854.300,734‰
Έτος 2012From €0To €120,0000‰
From €120,001 To €170,0004‰
From €170,001To €300,000 5‰
From €300,001To €500,0006‰
From €500,001To €800,0007‰
From €800,0018‰

Years From 2013From €0To € 40,000 6‰
From € 40,001 To € 120,000 8‰
From € 120,001 To € 170,000 9‰
From € 170,001To € 300,000 11‰
From € 300,001To € 500,00013‰
From € 500,001To € 800,00015‰
From € 800,001To €3,000,00017‰
From €3,000,00119‰


2. Individuals are entitled to a tax deduction of upto £37,50 for the year 1980 and £52,50 for the years 1981-1989.

3. Persons whos total immovable property in the republic does not exceed €12.500 for the year 2013 are not subject to tax.

ADDITIONAL TAX :

1. If there has been a low estimation of the value of the immovable property in the declaration submitted, then additional tax of 10% is imposed on the diffrence between the final tax and the amount initially paid. Low estimation is defined as the value of the property being estimated below 3/4 of the final value of the property to be assessed.

2. More information about obligations is available on the web page under the title "Information relating to the imposition of tax".







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