Immovable Property Tax
The immovable property tax is imposed on the market value of the immovable property on 1st January 1980 and applies to the immovable property of the taxpayer on 1st January every year. The immovable property tax is paid on 30 September each year.
Tax rates
| Value of Property (C£) |
Rate (%) |
Accumulated Tax |
| Up to 100.000 |
Nil |
Nil |
| 100.000 - 250.000 |
2,5 |
375 |
| 250.000 - 500.000 |
3,5 |
1.250 |
| Over 500.000 |
4 |
|
Exemptions
- Public cemeteries
- Public schools
- Public hospitals
- Immovable property owned by the Republic
- Churches and other religious buildings
- Foreign Embassies and consulates
- Listed buildings under a Preservation Order
- Charity houses
- Agricultural land (no buildings)
- Common use areas
- Occupied or inaccessible areas
