It is estimated that the high level of inflation recorded in 2022 will directly affect the adjustment of the tax rate and will lead to a noticeable increase in the real estate tax.
Tax specialist Ozan Bingel, based on his own work, research and calculations, suggested that taxes and fees payable by citizens will increase by more than 100% from January 1, 2023.
The growth of the consumer price index (CPI) was recorded at the level of 83.45% for 2022 and 3.08% for the month, only in September.
Ozan Bingel announced the amounts of some mandatory fees. If we rely on to mid-autumn data revaluation coefficient of 121%, then the penalty for speeding will increase from 427 to 944 TL. And for vehicle inspection, from 507 to 1121 TL. For real estate, according to the value of the property which can be calculated by homeowners themselves, every 1,000 TL of tax in 2022 will turn into 2210 TL in 2023.
The revaluation rate is a system that has been used in Turkey since 1984 and this year its highest provider was recorded.
In Turkey, only the president himself has the right to reduce the property tax if the revaluation rate is too high. This issue is entirely under the jurisdiction of the head of state: The legislation does not provide for automatic application of a discount with an increase in property tax.
Due to the high level of inflation, tariffs in Turkey are rising for almost everything. Many residents have long protested the dues, which in some places amount to almost a rental price.
