Everything you need to know about how to pay property tax

We talked before about the real estate tax and how to calculate it, so now we will talk about how to pay the tax, where, and what are the procedures involved in this process. 

How will you know the tax amount?

After the property has been evaluated, you will be notified via registered letter and you have the right to appeal the assessment within 60 days if you believe that it is not estimated correctly.

When do you have to pay the tax?

The annual tax can be paid in two installments. The first installment can be paid anytime from January to the end of June, and the second can be paid anytime August to the end of    December. You can also pay the full amount in one go.

“The value of the tax stays the same for 5 years unless there is a change that affects the building in which case the owner must notify the tax authority before the end of the year.

Does the tax amount vary from year to year?

The value of the tax stays the same for 5 years unless there is a change that affects the building in which case the owner must notify the tax authority before the end of the year.  

After 5 years the owner must submit a tax return before the end of the fifth year, after which the tax will be reassessed according to the law. The increase in tax will not exceed 30% for residential buildings and 45% for non-residential buildings.

Where is the tax paid?

The tax is paid at the real estate tax offices according to where the property is located. Allowances can be made if the person who has to pay the tax is unable to go in person and pay it due to a health condition. 

All they have to do is submit for a home visit and the collector will come to their home and collect the tax money. An electronic payment system is being developed to be able to pay online in the future.