Buy & Sell Bulgaria Insight Newsletter

Reviewed by Diana Georgieva

Q: What is the property tax?
A: When you own a property in Bulgaria, you have to pay a property tax on it. It is collected by the municipal administration on annual basis. The amount of it represents 1,5‰ (0.0015) of the property’s tax evaluation, but if your property is evaluated for less than 1400 BGN (around €700), no property tax is applicable. For example, if your property’s tax evaluation is to the amount of 20,000 BGN (around €10 256), the amount due is 30 BGN (around €15). If you pay it before the end of April you will also get a 5% discount off it.

Your questions are more than welcome on e-mail: diana@eurolink-finance.com