KARABURUN MUNICIPALITY

GENERAL INFORMATION REGARDING REAL ESTATE TAXES

Real estate taxes comprise two categories: i.e. building taxes and building plot or terrain taxes. The tax-payer is the person who owns the building, building plot or terrain.

§ The taxes for residential buildings amounts 1/1000 of its declared value.

§ The taxes for commercial buildings amounts 2/1000 of its declared value.

§ The taxes for building plots amounts 3/1000 of its declared value.

§ The taxes for terrains amounts 1/1000 of its declared value.

§ For terrains, 250.000.000 TL of the real estate tax value are exempted from taxation.

§ Every year the pro m² minimum tax rate is established jointly by the Ministry of Public Works and Housing and the Ministry of Finance.

§ The minimum declared values of building plots and terrains are established by the Evaluation Committees set up accordingly to the Tax procedure law during the General Value Declaration periods.

§ The value of the taxable buildings, building plots and terrains is established on the basis of the current market prices.

§ The value of taxable buildings, building plots and terrains is established every 4 years during the General Value Declaration period. The value of newly build buildings or created building plots or terrains is declared during the year of finishing or creation.

§ The value of newly declared taxable real estate is calculated on the basis of the current market prices of the year of declaration.

§ The real estate taxes are payable in two installments. The payment of the first installment is due during the months of March, April and May. The second installment is to be paid during the month of November. However, the taxes can be paid in once or even before the due dead-line.

§ The next General Value Declaration Period is due for 2006. During the months of March, April and May 2006, tax payers will gave to deposit their Real estate value declaration at the relevant municipalities.

§ Tax payers who do not pay their taxes in due time, will be fined for an amount established according to Law n° 6183. In 2004 this amount was fixed at 4 % per month of the due taxes and with a minimum of 1.000.000 TL..

§ You need to make your real estate value deposit at the Municipality Collection Department. Your file should include following documents: photocopy of the title deed of the real estate, photocopy of the identity card of the owner, photocopy of the occupation permit for buildings, full address of the building (district, street, house number, flat or working place number), private and working place address of the owner, tax number of the owner.