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Taxes and Closing Fees

Taxes and Side Expenses

  • Title Deed Transfer Tax: approximately 4% tax on the declared title deed price.
  • Certified Translator Service: Approximately 200 TL at the office of the public Notary.
  • Power Of Attorney: Approximately 180 Euro.
  • Setting up a Bank account: Free of charge.
  • Water Subscription: Approximately 60 Euro  for the recently completed property.
  • Electricity Subscription: 100 Euro subscription cost, 120 Euro of gauge deposit.
  • Property Tax: paid to local municipality in 2 equal installments every year, which is based on the declared title deed value. Approximately 0.2%.
  • Environment Tax: Approximately 50 Euro paid once every year (determined by the local municipality), 30-100 Euro for the building administration (Maintenance fee).

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