The new law stipulates adopting the rental values of buildings which are subject to systems of rent pricing as well as the prescribed exemptions as per the effective laws in this respect. These laws include Law 49/1977 related to renting and selling places and organizing the renter-lessee relationship, Law 136/1981 concerning some rules related to renting and selling places and organizing the renter-lessee relationship and laws of renting places which have been issued before the two laws. The rental values will not be estimated for these units unless the rental relationship is terminated for legal reasons, benefiting both the resident owner and the renter owner.
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.