Immovable Property Tax

As the registered owner of the property you are subject to an annual Immovable property tax, payable by the 30th of September every year to the Inland Revenue Department of the Republic of Cyprus. This amount is calculated based on the market value of the property as at 1st of January 1980. To find out more about Immovable Property Tax in Cyprus see  page 44 of  PWC’s Cyprus Tax Facts and Figures 2024. Cuarzo Developments will inform you about the exact immovable tax of your preferred property.

Local Authority Fees

Local Authority Fees depend on the size of your property. They are in the range of €85 to €260 for a regular waste collection, street lighting, cleaning and maintenance work.

Local Authority-Municipality Tax

As the registered owner of the property you are required to pay an annual Local Authority-Municipality Tax, calculated on the market value of the property as at 1st of January 1980. Rates are in the range of 1‰ to 2‰.

Sewerage Tax

As the registered owner of the property you are required to pay an annual Sewerage Tax, calculated on the market value of the property as at 1st of January 1980. Rates are in the range of 3‰ to 3.5‰. Sewerage Tax is payable to your District Sewerage Authority.