The Municipal Assembly of Tivat has adopted the Decision on Amendments to the Decision on Property Tax in the Municipality of Tivat.
Amendment:
If the Administrative Body responsible for statistical affairs (hereinafter referred to as “the Administration”) does not publish the average market price per m² of newly constructed residential buildings for the year preceding the tax year for the Municipality of Tivat, the average market price per m² of residential buildings is determined by adjusting the national average market price per m² of newly constructed residential buildings published by the Administration for the year preceding the tax year with a correction coefficient of 0.95. (Previously stated: 1.15 for legal entities and 0.95 for individuals.)
Amendment:
The quality coefficient for determining the market value of real estate (land) is as follows:
- Construction land: 0.80 (Previously: 1.0)
- Agricultural land:
- Fields, gardens, orchards, vineyards: 0.32
- Meadows, pastures: 0.28
- Forest land: 0.24
- Other land: 0.16
Amendment:
The property tax rate applied to the determined market value is as follows:
- Construction objects:
1.1 Residential buildings and apartments: 0.25%;
1.2 Commercial buildings and premises: 0.35%;
1.3 Mixed-use residential-commercial buildings: 0.30%;
1.4 Buildings under construction: 0.25%;
1.5 Garages, garage spaces, basements, non-residential spaces, auxiliary buildings: 0.25%;
1.6 Fixed temporary structures: 0.30%. - Land:
2.1 Developed construction land: 0.50% (Previously: 0.30%);
2.2 Agricultural land: 0.25%;
2.3 Forest land: 0.25%;
2.4 Other land: 0.25%.
Article 12 has been deleted, which previously stated:
Article 12
Property tax rate for undeveloped construction land for legal entities: 2%;Property tax rate for undeveloped construction land for individuals: 0.3%.
This Decision was published in the “Official Gazette of Montenegro – Municipal Regulations,” No. 26/24, on May 10, 2024, and comes into effect eight days after publication.
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