It is the annual tax collected from the owners of immovable properties. Annual property tax in Turkey is paid in two equal installments; in May and November each year. For real estate owners who want to pay in advance, it is also possible to pay two installments together. The annual property tax varies according to the type, value and status of the relevant property.
Annual property tax ratios;
0.2% for residences in a metropolitan such as Istanbul, Ankara.
0.1% for residences in nonmetropolitan.
0.1% for nonbuilding grounds in nonmetropolitan.
0.2% for nonbuilding grounds in big cities.
For instance, the annual property tax to be paid for a residence with a current value of 100.000 TL / 10,030 USD in a metropolitan will be calculated as 100.000x2/1000 = 200 TL / 20.06 USD.