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[BUSINESS] · Türkiye · 3 sources

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Turkey updates 2027 real estate tax calculation methods

New regulations for the 2027 real estate tax calculation have been published in the Official Gazette. Prepared by the Ministry of Treasury and Finance and the Ministry of Environment, Urbanization and Climate Change, the update introduces revised square meter normal construction cost rates.

Under the new system, the tax value of a property will not be determined solely by construction costs. Instead, the calculation will integrate the building's construction cost with the value of the land or the land share. This means that even properties of identical size may have different tax values based on their location, land value, and physical characteristics.

The regulation categorizes buildings by construction type and material, establishing specific cost rates for steel frame, reinforced concrete, masonry, semi-masonry, wooden, and stone structures. The scope of the regulation extends beyond residential homes to include various commercial and public buildings such as factories, hotels, schools, banks, and shopping centers.

Entities

Ministry of Environment, Urbanization and Climate Change · Ministry of Treasury and Finance · Official Gazette

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