When buying real estate in Turkey, each of you is asked a number of questions, one of the most frequently asked is the question of property tax and the cost of utilities.

What are the taxes on property maintenance in Turkey in 2021?

  1. Annual property tax is a fixed amount that is paid by all property owners in Turkey. The tax is calculated based on the cadastral value of the object and depends on its type and location. Residential property is subject to a 4.55% duty. Payments are made in two convenient options to choose from: splitting the contribution into two equal parts, each of which is paid at the end of May and in November; depositing the entire amount at once, preferably at the beginning of the year.

Citizens and foreigners living in Turkey are subject to equal tax laws.

What is the cost of utilities in Turkey?

  1. Payment for water

The cost of 1 cubic meter of cold water is 4.75 TL on average. Average water consumption per person is about 25-40 TL. There are no centralized hot water supply systems in Turkey, therefore, individual water heaters are used in all apartments and residential buildings.

  1. Payment for electricity

The same electricity charging rules apply throughout Turkey. The cost of electricity in Turkey is 0.5982 TL / 1 kWh. It turns out that the average cost of electricity per person is from 100 liras and more.

  1. Aydat – payment of the residents of the complex for the maintenance of the territory of the residential complex. The amount of the fee depends on the level of the complex and the services used by the residents. The more developed the internal infrastructure of the residential complex, the higher the monthly fee for Aydat will be. The amount of Aydat is set by the fees of the residents of the house or the management company (on average 250 liras).