February 26, 2017

Building Tax, Land Tax

The local government may levy

  • a building tax on buildings for housing or other purposes in its area, the maximum amount of which is HUF 1,100/m2/year or 1.8%/year of the market value and
  • a land tax on land in its area, the maximum amount of which is HUF 200/m2/year or 1.5%/year of the market value.

The owners of public utility lines pay a public utility tax of HUF 125 per metre (the owners of telecommunications lines are granted an allowance depending on the length of the lines).