
The 61 municipalities in the country have increased the collection of property tax, where during the period January-August 2024, they collected nearly 55 million euros, the highest figure of the last decade.
Referring to official data from the Ministry of Finance, in relation to the same period of 2023, the tax on buildings has supplied local self-government units with nearly 13 million euros more, marking an increase of 31.7%.
While in relation to the 2024 plan for the 8-month period, there was an overrun of about 20 million euros, or 55.5% more than was anticipated.
The need for more revenue and the need to pay off the stock of arrears, but also the approach of general elections, has made municipalities pay more attention to the collection of tax on buildings, although the application of the tax has not yet started according to market value.
In other words, in 8 months, 94.5% of the entire annual plan for the collection of this tax has been realized, where in total 5.7 billion ALL is expected to be collected.
This performance was influenced by the increase in construction areas, the development of this sector mainly in the coastal areas, as well as the increase in the number of transactions. Tirana Municipality has the greatest weight in the collection of this tax, followed by municipalities in coastal areas and other large units.
The government plans the preparation of the fiscal cadastre and the implementation of taxation based on the market value for buildings starting from 2026, as well as the implementation of taxation based on the market value for plots starting from 2028, including completing the legal and regulatory framework, finalizing the Fiscal Cadastre Information System with interoperability and integration with other systems, addressing staffing requirements and building human resource capacities.