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Property Tax Chief Announces Waivers and 2027 Payment
Ramy Youssef, Assistant Minister of Finance and Head of the Real Estate Tax Authority, stated that the authority has decided to exempt citizens from accumulated property taxes on properties that have not been previously surveyed, provided they submit tax declarations. The first due tax is considered to be in 2027. He added that the authority will rely on its records to prove receipt or non-receipt of notices, and that tax declarations will be limited to listing owned units, while valuation and tax assessment will be handled by specialized committees. The authority also offered facilitations, including a discount of up to 25% on taxes for residential units and 10% for non-residential units. An additional 5% discount is available for early payment, with low fixed amounts set to encourage participation in the incentives. The aim is to enhance transparency and build citizens’ trust through clear and straightforward procedures, starting from 2027.
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