Business Service Portal Real Estate Tax Austria : usp.gv.at

Organisation : Business Service Portal
Facility Name : Real Estate Tax
Country : Austria
Website : https://www.usp.gv.at/en/steuern-finanzen/kommunalsteuer.html

What is Real Estate Tax?

The real estate tax is an object tax on property in Austria. It is collected by the municipalities in accordance with federal law, who keep the revenue from this tax in its entirety. Real estate tax distinguishes between Agricultural and forestry assets and Real estate assets.

Related / Similar Facility : Business Service Portal Standardised Consumption Tax (NoVA) Austria

How To Apply For Real Estate Tax in Austria?

By applying a tax measurement figure to the unit value, the Tax Authority Austria determines the real estate tax base. The real estate tax base is then transmitted by the tax office to the municipalities. The municipalities apply assessment rates to calculate the annual amount of real estate tax. Under the Finanzausgleichsgesetz, they are entitled to apply a uniform assessment rate of up to 500 per cent on the real estate tax base when determining the tax.

Where it exceeds 75 Euro per year, the real estate tax is collected in four instalments on 15 February, 15 May, 15 August and 15 November respectively. Amounts up to 75 Euro must be paid once a year on 15 May.

Example:
A real estate tax base of 50 Euro times a 500 per cent assessment rate gives a property tax of 250 Euro a year, which must be paid in four installments. The owner of the property is liable for the real estate tax. The real estate tax can however be charged (pro rata) to renters as part of the running costs of a house.

Real Estate Tax Exemptions

Long-term real estate tax exemptions:
The Tax Authority Austria makes decisions about long-term real estate tax exemptions. Exemptions are, for example, provided for public transport routes, watercourses and for properties belonging to public authorities which are for public service or public use.

Temporary real estate tax exemptions:
In some provinces, temporary real estate tax exemptions can be granted by the municipalities on the basis of provincial law, especially for newly created (subsidised) residential properties. The respective application must be made to the relevant municipality. More information is available from the municipal authorities.

Reimbursement of Real Estate Transfer Tax

A refund or non-rescination of the property transfer tax is eligible in the following cases:
** The acquisition process is cancelled within three years since the tax liability has been incurred by agreement, by exercising a reserved right of withdrawal or a return right.
** The prerequisite for the refund is that the seller is returning to the seller to make full disposal of the property.
** If the cancellation of the acquisition is solely for the purpose of simultaneous transfer of the property or the right to transfer the property to a third party selected by the buyer to the conditions and prices specified by the buyer/purchaser, without which the seller recovers his former right of disposal in any way, the earlier purchase transaction is not reversed despite the formal s.
** The acquisition process will be reversed on the basis of a legal claim, because the contractual provisions were not fulfilled by a part of the contract.
** The legal transaction, which should justify the right to assign ownership, is invalid and the economic outcome of the invalid legal transaction is eliminated.
** The consideration for the property is subsequently reduced within three years since the tax liability has been created.
** The consideration for the property is reduced due to s Sections 932 and 933 of the ABGB (guarantee, defect rectification).
** The gifted property must be issued on the basis of a legal claim.
** A land purchased from death must be issued; this also constitutes a purchase of death from the recipient for the recipient.