How can the taxpayer be protected against any large increase in tax when re-evaluating?
The legislator specifies in this a maximum increase in the rental value (the tax base). He clearly stipulates that the five-year re-evaluation may not lead to an increase in tax value to exceed 30% for residential units and or 45% for nonresidential units. This means the annual increase in the rental values estimated for taxation purpose will not exceed 5.3% for residential units or 7.5% for the other real-estates, as the increase accumulates over the five years.
The real estate tax is due on the first of January of each year, and it gets two equal installments, the first until the end of June and the second until the end of December of the same year, and the taxpayer may pay it in full on the date of paying the first installment.
Property taxes
The taxpayer is the natural person or the legal person who has the right to own, use or utilize the property, where the tenant is not considered a taxpayer, but is a joint partner with the taxpayer to pay the tax within the approved lease.
Taxpayer
25% of the proceeds of the real estate tax will be directed to the governorates for spending on education and health, and 25% of the entire proceeds will be allocated for the purposes of developing and developing slums.