What Would the Tax Mean at Market Value? Economist: "Tax on a House in Bucharest Could Reach 12,000 Euros a Year"
7 Articles
7 Articles
"If they insist on market value taxation, it will be chaos."
Business lawyer and tax specialist Gabriel Biriș warns that moving to the taxation of buildings at market value could lead to very large increases in taxes for homeowners in Bucharest, including pensioners who live in houses built almost a century ago. In an example presented in a Facebook post, [...]
The Government's plan to gradually move to housing taxation based on market value could lead to very large increases in taxes for some owners, especially for pensioners living in central areas of large cities. The warning comes from economists and specialists...
Imbiliary properties will be taxed at market value, but the passage will be done gradually, previews the governance program of the Luca Niculescu Cabinet. The taxation of dwellings at market value could bring huge increases in taxes for the owners of houses in Bucharest, especially for the elderly who live for decades in [...] Article Tax 27 times higher on some houses, concrete examples if you switch to market value taxation appears first in th…
Taxing housing at market value could bring huge tax increases for homeowners in Bucharest, in particular for older people who have lived in the same property for decades.
To illustrate the problem, Gabriel Biriş describes the situation of older neighbors, long-term pensioners, some of them born even in the homes where they live.
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