How Do Property Taxes Differ for New vs. Resale Homes in Turkey?
New constructions typically incur VAT (1-18%) based on size and value, while resale properties are exempt. Both types pay annual property taxes (0.1-0.6%), but assessments for newer builds often reflect higher valuations. First-time buyers of new developments may qualify for temporary tax reductions in some municipalities. Resale transactions involve a 4% title deed fee (split buyer/seller), whereas new builds may include additional construction-related taxes. For detailed tax comparisons and municipality-specific rates, Turk.Estate provides updated financial guides to help buyers calculate total tax burdens accurately.
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