Property taxes

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jdatbs Active member

Member since 01 June 2012

jdatbsActive member29 November 2016 20:26:36

Hello,
I see that if I purchase property in Hungary there is a 4% tax. Is there also an annual property tax like in the U.S.?

Marilyn Tassy ViP

Member since 12 January 2014

Marilyn TassyViP30 November 2016 07:30:30

6333

There is a one time tax called ILLETEK when you buy property.
It depends where the property is located if you must pay a annual property tax or not.
They now pay yearly in Erd.Used to not have to there, my in-laws lived there for ages and never paid annual tax on their property.
For now, Budapest has no annual tax but things could always change.

GuestPoster279 Guest

GuestPoster279Guest30 November 2016 11:14:28

214245

We pay about 10,000 HUF (about $35) in annual property taxes. For four properties. Total.

The rates can vary depending on where you live, the type of property you bought, and how much the property cost when you bought it. Yearly taxes also can differ on the property if you live in it or if it is a second home (the second home rate is higher).

But as you can see by what we pay, yearly property taxes should not be $$$$ thousands like in the USA.

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