What is the meaning of exemptions of payment of property tax?
Last update: 2007-12-20 05:29:22
What is the meaning of exemptions of payment of property tax?
“Exemptions of payment of property tax” - No local taxes are levied upon agricultural lands and forests, except in case the latter are developed. Further, real property with a tax evaluation up to BGN 1,680 is exempt from local real property tax. Local real property tax is due on new buildings from the month following the month ofcompletion of the building or its operation.
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