Property tax from January 1, 2019
The real estate industry has not bypassed economic reforms. Testing of innovative technologies began in 2016. If earlier, in order to calculate property tax, the estimated inventory value of real estate was used, then in the spring of 2017, calculations under the new rules began to appear. In 2018, the Russians entered with the knowledge that closer to autumn they would receive tax notices under the new rules. What real estate tax will have to pay from January 1, 2019 - this will be discussed.
Real Estate through the prism of tax reform
The main points of the tax reform in real estate include:
- Gradual implementation
Associated with discontent on the part of taxpayers, for whom the one-time adoption of the reform would be a strong shock. The latest news states that innovations will be introduced in stages over five years.
- Use of deterrent factors
In the adaptation period, it was decided to apply reduction factors when calculating the tax, the value of which is presented in the table:
There are no coefficients for the year 2019, so from January 2020 you will have to pay the full tax.
If before the reform, the inventory value of the secondary housing was used in calculating the property tax, then after it, the cadastral one was taken into account. The first stages of reform were accompanied by a significant discrepancy between these indicators, which significantly influenced the taxable base and, accordingly, caused the taxpayers discontent.
Tax officials reassure that correction factors can smooth out this difference, and in 2019 market indicators will correspond to cadastral ones.
If the owner of real estate believes that the cadastral value of his property is too high, he can always file a claim with a special commission or judicial authority.
The opinion of experts is such that whatever coefficients and no matter how long the adaptation period lasts, according to the new rules, you will have to pay much more to the city’s treasury for ownership of the property than before the reform.
Objects subject to taxation and whether prices will rise
The following properties are subject to taxation:
- all residential properties;
- unfinished residential construction;
- solid real estate complex having at least one residential type premises;
- parking space and garage structure;
- household outlets built on a plot of land allocated for the construction of a house and occupying an area of no more than 50 square meters.
The average tax rate in Russia is 0.1% of the cadastral value. But local authorities can make both its increase to 0.3%, and complete abolition.
The basis for accrual is the cadastral value minus:
- ten squares from the area of the room;
- twenty squares from the flat area;
- fifty squares from the area of the house.
This benefit applies only to one property. And if the property is a smaller area of the specified for benefits, then you do not need to pay anything.
The authorities in the regions themselves determine the tax rate depending on the category of housing. For example, in Moscow for a property worth up to twenty million rubles the rate is 0.15%, for housing worth up to fifty million rubles you will have to pay tax at the rate of 0.2%.Property worth up to three hundred thousand rubles will cost in tax terms at 0.3%, and apartment owners will pay tax at the rate of 0.5%.
According to analysts, the owners of old apartments in the central part of the city, rather than the owners of luxury apartments, will suffer the most from a change in the tax base from inventory to cadastral. For them, the tax will grow as much as 8-10 times. For example, for property owners in new buildings in a residential area, the tax burden will increase by 1.5-2 times.
The following factors can also affect the amount of tax:
- the height of the apartment;
- year of construction of the house;
- the actual wear and tear of the house and the general physical condition.
Humble or act?
Of course, you can dispute the assessment of real estate on the inventory, but for this you need to collect an impressive package of documents and contact the judicial authorities. It would be advisable to resort to the help of professional lawyers. There are also tax benefits for different categories of the population. You can learn about them from your local government.