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Liechtenstein and Malta
- Liechtenstein and Malta are two European countries that do not levy any recurrent taxes on property. This means that residents of these countries are exempt from paying property taxes.
www.ncesc.com › geographic-pedia › which-european-country-has-no-property-taxWhich European country has no property tax? - Geographic Pedia
Oct 17, 2023 · Two of the 30 European countries covered here, Liechtenstein and Malta, do not levy any recurrent taxes on property at all. Estonia is the sole country in this map to tax only land, meaning that its real property tax is the most efficient.
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Jun 6, 2024 · In this article, I aim to explore which European countries have no property tax and provide some background information on their tax systems. Liechtenstein and Malta are two European countries that do not levy any recurrent taxes on property.
Only a few member states, namely Croatia 4, Malta, Estonia and Italy 5 do not levy recurrent property taxes. Despite their widespread use, the revenue from recurrent taxes on immovable property is rather low, amounting to only 1.6% of GDP in the EU on average in 2017 (EA-average: 1.3% of GDP).
- Doris Prammer
- 2020
Dec 16, 2021 · Detailed analysis of a study comparing property tax systems in Europe as of 2021, including the best and worst property tax systems. See new rankings. Estonia has the most efficient property tax system among OECD countries.
Aug 6, 2020 · Compare real property taxes in Europe. High property taxes levied not only on land but also on buildings and structures can discourage investment because they disincentivise investing in infrastructure, which businesses would have to pay additional tax on.
While France had recurrent property tax revenues of 3.0% of GDP, Malta did not levy recurrent property tax at all (Graph III.1). While recurrent property tax revenues as % of GDP increased during the financial crisis, probably largely because of tax reforms in the wake of the crisis, their share in GDP has again been decreasing since 2015 (86).
Dec 1, 2020 · The ownership of an immovable property is subject to recurrent property taxes. 2 The basic case of a recurrent tax on residential property is a at rate which is lev- ied on the cadastral...
