Kalkan Turkey Forum - EnjoyKalkan.com
The Owners Lounge => Buying A Property & Real Estate => Topic started by: Mike on May 15, 2016, 06:53:49 PM
-
Sorry folks for interrupting the bubbly holiday postings with a boring subject but i am searching for specific info from the home owners - is the property value entered on a Tapu a govt derived council valuation figure or an actual sale price? Custom or law ? Yep ..that old chestnut with all its implications ::) !! Any responses/PM's much appreciated!
-
As far as I know it's a value agreed by local council so not necessarily what you paid (in fact highly likely much lower). A bit like our rateable values in the UK!
-
Absolutely no relevance to the real price or even the price paid for the property...all a bit immaterial!!!
-
Absolutely no relevance to the real price or even the price paid for the property...all a bit immaterial!!!
Wouldn't quite call it immaterial as what you pay on property tax at time of sale/purchase is based on this value!
-
It's also the value that Turkish mortgage lenders will use (well, some of them anyway) when assessing how much money they will lend you. And very frustrating that can be, too ;)
-
The value written on the original tapu was/is the declared value of the villa/house. Council tax is based on this value. The declared value was often a reflection on how much tax the owner wanted/was willing to pay. It is supposed to be the actual value but very rarely is .If you have work done to your property (with all legal permissions) the value will increase and your council tax will increase.The value would not be registered on the tapu.