In Ukraine, by July 1, tax authorities will send out bills for property tax, which applies to owners of large apartments and houses. “Large” is defined as apartments with an area of 60 square meters or more per owner.
This is reported by Finway
Tax must be paid only for “excess” space, meaning the difference between the norm and the actual area of the property. The norm for housing is as follows:
- for apartments (regardless of the number) – 60 square meters;
- for houses – 120 square meters;
- if there is both a house and an apartment – 180 square meters.
According to a statement from the press service of the Main Department of the State Tax Service, “Tax notifications regarding the payment of the amount(s) of property tax, excluding land, and the corresponding payment details specified in the first paragraph of subparagraph 266.7.2 of paragraph 266.7 of Article 266 of the Tax Code, sent to the taxpayer, must contain information regarding each of the residential and/or non-residential property objects, including, but not limited to, the address of the property, its area, rates, and the exemptions provided to individuals for tax payment.”
Local councils have the right to review the tax rate and even the norm regarding property. According to the Tax Code, tax cannot be demanded for apartments up to 60 square meters and houses up to 120 square meters. Additionally, the maximum tax rate for each “excess square meter” cannot exceed 1.5% of the minimum wage.
In 2025, Ukrainians will pay property tax for the year 2024. As of January 1, 2024, the minimum wage was 7100 UAH, so the maximum tax rate will be 106.5 UAH for each “excess square meter.” For example, if you have an apartment with an area of 100 square meters, you will be required to pay tax for the area exceeding 40 square meters, which will amount to a maximum of 4260 UAH. However, this amount will also depend on the local authorities’ decision regarding the tax rate.