US EditionNew Property Tax Policy Raises Concerns About Social Impact and Potential Displacement in Albania
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New Property Tax Policy Raises Concerns About Social Impact and Potential Displacement in Albania
In a recent declaration, Prime Minister Edi Rama announced that Albania will soon adopt new reference prices for property taxation, accompanied by a significant increase in the tax rate for second homes. While the measure is framed as a way to boost local government revenues, especially in coastal municipalities where many Albanians own vacation properties, critics are beginning to question whether the reform may have deeper implications. “It’s …
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