how much Interest can the Belediye can charge on late payment ?

lotech


Joined: 22/12/2009
Posts: 295

Message Posted:
18/03/2011 20:53

I bought 2 evelek of land in Esentepe and just wanted to pay the Land Tax and found out previous owner didnt pay the land tax up to now 6 years and first they wanted to charge me 350 TL and now today when I wanted to pay they were asking for 1335 TL How do they work this all out? Does anyone know?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
18/03/2011 21:56

I got a 30% deduction when I paid mine. Just ask for a discount!

Zoots


Joined: 05/02/2011
Posts: 669

Message Posted:
18/03/2011 23:12

That reminds me...!

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
18/03/2011 23:32

perhaps thats interest at 80% a quarter

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
18/03/2011 23:45

I thought it was 4% per year !!

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
19/03/2011 00:02

The interest rate charged by the municipalities is the same as the government. I think at the moment its 3% for the first month and 2% for the rest. However you have to pay the interest at the rate it was at the relevant times and also take into account the prevaling official discounts. even the lawyers find it hard to keep up with the changes. The tax office is the place to ask for the right figures.



The Land Registry always asks for a statement from the municipality to make sure that all taxes on the property are paid before transfer. So how come the previous owner got away with it or is he still the owner until someone pays for it? Otherwise no transfer of title.

ismet

lotech


Joined: 22/12/2009
Posts: 295

Message Posted:
19/03/2011 09:13

Thanks for your information, the reason why the previous owner got away not paying tax is that the tapu office doesnt check if tax hasn't paid as a foreigner I can only register the property in my name at the tapu office. I should have checked if he has paid the land tax, as this guy had even a hypothek on it I was more concerned to get that removed before registering. Also the seller was a Cypriot friend of mine the saying trust is good but control is better would have been better in that case.