Can anyone tell me where to find a comparison between different European countries on yearly property taxes?
Posted by Happy-Hour88@reddit | expats | View on Reddit | 9 comments
Hello, I couldn't find a legit table of the amount of real estate taxes between different countries. On reddit there are tables and maps on tax rates but they're about income taxes.
I wonder which countries have the best/worst taxation on vacation properties bought by foreigners? I see lots of Brits have bought properties in France for example, but less so in Italy so I wonder if it's just because France is closer to the UK or maybe Italy has higher annual taxes on property.
Has anyone seen some interesting data on yearly taxes on property?
Toxigen18@reddit
I don't have a table but I recommend Romania. The property taxes are around 200-300 Euro per year
Happy-Hour88@reddit (OP)
Where in Romania? I think most of the prettiest towns and cities are in the West of the country, but that's too far from the sea.
Toxigen18@reddit
Depends a lot of your needs. From Bucharest the sea is 2h away. Around the sea there are a bunch of options also. Like Constanta, Mamaia, Năvodari etc
Hutcho12@reddit
Germany is the same. Property taxes are not a big thing in Europe like they are in the US, we pay for the things that those taxes cover with income tax.
proof_required@reddit
And VAT! Much higher than USA. In comparison to some american states infinitely higher.
forreddituse2@reddit
There is no fast comparison for property tax in a single country, let alone the whole EU. Too many factors, size, location (province, within city boundary or not), property type, discount (temporary or permanent), and many more. Most people know the exact amount they need to pay the second year they obtain the property.
MobilityStrategist@reddit
I went through the same rabbit hole recently and couldn’t find a clean comparison either.
I spoke to a few people about it, and what surprised me is that most of them don’t actually compare countries based on the yearly property tax alone, but on how everything adds up together.
That’s where it started to feel less straightforward than it looks when you just compare percentages.
Practical_Support177@reddit
Portugal property taxes are super low
Its called IMI and its collected by the municipality you can find more information about it by googling
Even for non residents and foreigners me and my wife pay like 300 to 400 for 3 properties
Zealousideal_Rub6758@reddit
There are many variables. Some have national property taxes, some are federal, some depend on land or property value, some factor in your income or other assets. Part of it is often calculated depending on individual circumstances.