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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2019 How will property values change in 2019

    The Cyprus property portal Zyprus, which enables business to advertise their... read more

  • 1 February 2019 First the Schengen Visa and then the passport

    Cyprus will have a hotline with other European countries for investors who... read more

  • 24 January 2019 New Area Plan announced for the area of Petroleum and LPG storage facilities in the Larnaca and Livadia area

    On 21/12/2018 the Strategic Environmental Impact Study (SEPA) of the Area... read more

  • 21 January 2019 The real estate market is flying in Cyprus

    Property sales were doubled last year compared to 2013, when Cyprus plunged... read more

  • 21 January 2019 Deputy Minister of Tourism The marina of Agia Napa will upgrade the area

    The estimate that the Ayia Napa marina will upgrade the free area of... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2019 How will property values change in 2019

    The Cyprus property portal Zyprus, which enables business to advertise their... read more

  • 1 February 2019 First the Schengen Visa and then the passport

    Cyprus will have a hotline with other European countries for investors who... read more

  • 24 January 2019 New Area Plan announced for the area of Petroleum and LPG storage facilities in the Larnaca and Livadia area

    On 21/12/2018 the Strategic Environmental Impact Study (SEPA) of the Area... read more

  • 21 January 2019 The real estate market is flying in Cyprus

    Property sales were doubled last year compared to 2013, when Cyprus plunged... read more

  • 21 January 2019 Deputy Minister of Tourism The marina of Agia Napa will upgrade the area

    The estimate that the Ayia Napa marina will upgrade the free area of... read more

Taxes and Fees payable by the registered owner of a property

Immovable Property Tax payable to the Tax Department 


Immovable Property Tax (IPT) was reduced in 2016 to approximately a quarter of that in the previous year and is abolished in 2017. 

Property Tax payable to Communities and Municipalities

This ‘local’ property tax has not been abolished and those with property on the island will continue to pay this ‘local’ tax, which is calculated on the Land Registry’s assessment of the 1980 value of the property. 



Local Authority Fees
Depending on the size of your property, local authorities charge between €85 – €256 per annum for regular refuse collection, street lighting, sewerage and similar community services. Communal Services fees are payable to your local municipal authority.  However, when property is rented out, then fees such as refuse collection tax and others are payable by tenant.  Contact your local municipality council for details.


Municipality Tax 
An annual Municipality Tax must be paid by the owner to the local municipal authority.  It is calculated on the market value of the property as at 1st of January 1980 and the rates vary from 1%-2%.


Sewerage Tax 
Sewerage Tax is payable annually to the local sewerage board.  It is calculated on the market value of the property as at 1st of January 1980. Rates vary from 3% – 3,5%.