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Are locked apartments taxed
The Real Estate Tax Authority clarifies that sealed apartments are not subject to property tax unless they become ready for use and habitable, regardless of whether they are closed or unoccupied. The tax declaration begins once the unit’s facilities are completed and it is suitable for living, even if no one has moved in yet, and the tax linkage starts from the following year. Incomplete or non-ready units are not declared until they are completed and made habitable. It is emphasized that the purpose of purchase or the location of the unit does not alter the rules for tax liability; rather, the actual condition and readiness are the main criteria.
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