Property Tax, Dues, and Hidden Costs
The cost of property ownership extends far beyond the purchase price. Annual taxes, mandatory insurance, maintenance fees, and dues can significantly increase total ownership costs. This guide details every expense item property owners face.
Annual Property Tax
| Property Type | Metropolitan | Other Cities |
|---|---|---|
| Residential | 0.2% | 0.1% |
| Commercial | 0.4% | 0.2% |
| Land (zoned) | 0.6% | 0.3% |
💡 Info: Property tax is paid in two equal installments (May and November) based on the municipalitys assessed value.
DASK Insurance
Mandatory earthquake insurance for all residential properties. Without DASK, title transfers and mortgages are not possible.
Maintenance Fees
- Basic apartment: 500-1,500 TL/month
- Complex with pool: 2,000-5,000 TL/month
- Luxury residence: 5,000-15,000 TL/month
Capital Gains Tax
If you sell within 5 years of purchase, you pay income tax on gains. Sales after 5 years are exempt.
⚠️ Warning: Selling within 5 years triggers capital gains tax. Consult a tax advisor for planning.
Annual Cost Breakdown (Typical Istanbul Apartment)
| Item | Annual Cost |
|---|---|
| Property tax | 5-15K TL |
| DASK insurance | 800-1.5K TL |
| Maintenance fees | 12-60K TL |
| Repairs | 5-20K TL |
| Total | 22.8-96.5K TL |
✅ Tip: Calculate all annual costs before buying. Subtract from expected rental income to find your net yield.
Use our ROI calculator. Contact us for details.
🏠 Professional Consultation
Let our Century21 Perfect Bagdat Caddesi team help you.
📞 +90 552 688 0195 | 📧 ashkan.ahani@century21.com.tr
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