Finance ministry announces changes in property tax for farmland

In an announcement, the Finance ministry said that farmland will not be subjected to the additional property tax of citizens and noted that taxpayers would have to correct their initial property statements since a number of mistakes has been recorded.

The ministry noted that the property tax bill will be the same as last year although a redistribution of burdens will be made from smaller to larger properties.

It also said that all property tax exemptions will be valid as last year. The ministry dismissed press reports alleging that unemployed, large families and handicapped people will lose their exemptions from the property tax and noted that there will no changes in the income and property criteria for taxpayers.

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