Definition – what is the municipal tax?
The municipal tax is imposed on holders of buildings and land, by virtue of the law. The charge is prepared once a year and refers to the period between January 1 to December 31 of the same year. According to the stipulations of the law, the obligation to pay municipal tax applies on the 1st of January every year (unless the city council determines otherwise).
Payment beyond 30 days from the said date will bear interest and linkage differentials according to the Law of Local Authorities (interest and linkage differentials for compulsory payments), 1980.
About property tax reductions for new immigrants