Property tax, 53 million euros from homes - Revenues for municipalities increase, new methodology
The property tax is among the main suppliers of the municipal budget in Albania, despite the fact that the full implementation of its collection based on the value of the property has not yet begun.
Official data from the Ministry of Finance show that in the first 7 months of this year, the 61 municipalities in the country have collected approximately 5.3 billion lek or 53 million euros, with a progressive increase from year to year, reaching the highest figure of the last decade for this period. Compared to 2015, revenues from this tax have doubled.
Compared to the first 7 months of 2024, the tax on buildings supplied to local self-government units has increased by 3.3%.
The need for more revenue and the necessity to pay off the stock of arrears has led municipalities to pay more attention to the collection of the tax on buildings, although its application according to market value has not yet begun.
This performance was influenced by the increase in construction areas, the development that this sector has received mainly in coastal areas, as well as the increase in the number of transactions. The Municipality of Tirana has the largest share in the collection of this tax, followed by municipalities in coastal areas and other large units.
The government expects to collect approximately 20 million euros in additional property tax in 2025, which will be generated due to the functionalization of the fiscal cadastre this year, which will serve for more efficient collection of the building tax.
On the other hand, a draft law that defines the new methodology for taxing buildings has recently been submitted for consultation, which is expected to affect this performance once it enters into force.
The number of taxable property units in Albania is 797 thousand, of which 412 thousand are complete with information.
Meanwhile, the new law on the taxation of real estate buildings based on market value begins to apply from January 1, 2026, and for plots from 2028.
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