2019 Building Construction Cost Schedule

Official Gazette No: 30513
Official Gazette Date: 18/08/2018

Article 29, paragraph one, subparagraph (b) of the Property Tax Law No. 1319 dated 29/7/1970 stipulates that, for buildings, the tax value is the amount calculated by using the normal construction cost per square metre of buildings determined and announced jointly by the Ministry of Treasury and Finance and the Ministry of Environment and Urbanisation, together with the value of the land or land share determined according to the principles set out in subparagraph (a) of the same article, in accordance with the provisions of the Regulation on the Assessment of Tax Values to Serve as the Basis for Property Tax, which was put into force by the Council of Ministers Decision No. 7/3995 dated 29/2/1972 and prepared pursuant to Article 31.

In this regard, the normal construction cost values per square metre of buildings to be applied in 2019 as the basis for property tax have been determined by the Ministry of Treasury and Finance and the Ministry of Environment and Urbanisation in the amounts set out in the table annexed to this Communiqué.
Hereby announced.

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ANNEX