Spectator on facebook

Spectator on facebook

Real estate tax in Bratislava to increase

The city treasury would add €8 million more to its current annual income from the tax of €55 million.

Illustrative stock photo(Source: SME)

Members of the City Council decided to raise the tax for flats by 30 percent at a meeting in late-June. In addition, residents will pay a tax increase of 150 percent for building land, 50 percent for agricultural buildings, 10 percent for cottages and garages and 50 percent for other buildings, including ministries. The city treasury would get €8 million more to add to its current annual income from the tax of €55 million, the TASR newswire reported.

Till now, residents have annually paid about €27 for 67 square metres of flat and €66 for 120 square metres of house. After the increase, they will have to pay €35 for a flat, or €86 for a house.

Bratislava Mayor Ivo Nesrovnal argues that the real estate tax is the largest income in the capital which the council can directly affect. He justifies the increase by the low level of state funding, limits in drawing from  EU funds and a high degree of solidarity with the rest of the country.

“We will use more finances for roads, purity, greenery and political priorities,” said Nesrovnal, as quoted by TASR, adding that,

Read also:Falling supply of available flats increases prices

City authorities want to invest about €3 million per year in the repair of roads, €550,000 in care for greenery and €450,000 in the priorities of representatives. Moreover, Nesrovnal pointed out that half of the additional tax, approximately €4 million, goes towards the budgets of the municipalities.

The City Council also approved the omission of building land from the tax rebate of 50 percent for people older than 70 years and a drop in the age limit for redemption of tax for houses and flats to 65 years. Until now residents over 65 years have paid about 50 percent less tax now it will be 60 percent.

Nesrovnal had already prepared a proposal for an 100-percent increase of real estate tax in some categories last year, however, after a wave of criticism he modified the increase for flats to70 percent, TASR reported.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Real Estate


Top stories

He survived the Paris attacks: Slovakia healed me, he says

I stepped back into life and learned to live again here. I don’t think I could have done it in Paris, says Thomas Tran Dinh.

I found people in Slovakia who try to understand and balance things, says Thomas Tran Dinh.

What does this man know?

Prosecutor searches for witness in the case of Ján Kuciak and Martina Kušnírová’s murder.

Identikit picture of possible witness in Kuciak murder case.

I am not afraid, I do not work like Kuciak

Sometimes trolls burst into our office and shout at us until we convince them to leave, but they never sue us, says David Crawford from the newsgroup Correctiv who were the first to discover who downed MH17 flight.

David Crewford

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between September 21 and September 30, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Kapitulská