Property revaluation will be done by 5%, Ministry of Finance releases draft law for public consultation

2025-07-23 17:02:00Biznes SHKRUAR NGA REDAKSIA VOX
Illustrative photo

The Ministry of Finance has submitted for public consultation the draft decision for the approval of the methodology, rules and procedures for determining the taxable value of real estate, which is expected to begin next year.

From January 1 to September 30, 2026, citizens and businesses will have the opportunity to revalue their properties, bringing them closer to real market prices. This new initiative aims to increase transparency in the real estate market and bring more revenue to the state budget, without increasing existing tax rates.

Unlike previous times, where the revaluation tax rate ranged from 1 to 3 percent, this time the tax will be 5% on the difference in value. The law will also include assets that are in the process of registration or legalization, while legal entities will be required to have their revaluation done by licensed experts.

If this revaluation is approved, it will be the fifth process in 13 years. The last asset revaluation process began in 2020 and ended in August 2022, and benefited 110 thousand families across the country and revalued 168,200 assets, while the state budget benefited 12.7 billion lek.

The last revaluation also had a 3% tax rate. Concrete instructions for the implementation of the process are expected to be determined by a decision of the Council of Ministers and through a joint instruction of the Ministry of Finance and the Cadastre Agency.


Video