Property tax in Ternopil will be 1%

the tax Rate for residential and non-residential property in the city of Ternopil will be 1%. The decision was taken at the session of the Ternopil city Council. «Previously the city Council had the opportunity to offer discounted apartment area, which was exempt from paying property tax. In Ternopil it was 70 sq metres for apartments. Now, however, the state Zobov’tied to align this question, so now preferential area for residential real estate in Ternopil will be 60 square meters for apartments and 120 square meters for houses, - says mayor Sergei Nadal. - If the apartment is over 300 square meters, and house more than 500 square meters, the amount of tax will amount to 25 thousand UAH. a year". Exemptions from payment of tax on immovable residential property will be saved for ATO participants and their families, and about’objects of social purpose – nursing homes, centres of social adaptation and rehabilitation, etc. By the way, deputies also approved a transportation sales tax. Consequently, about’object of taxation will be passenger cars younger than 5 years, the cost of which exceeds 750 minimum W/p. Such owners will pay the transport tax in the amount of 25 thousand UAH. for a year. This was reported in the Ternopil city Council

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Source: http://uzinform.com.ua/

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