Balkans | 1,000 people own real estate worth 5 billion euros in Kosovo

Kosovo’s Minister of Finance and Labor Hekoran Morati stated that 1,000 people own real estate worth €5 billion in total in Kosovo.

While talking about the real estate tax, as there were disagreements between the Ministry of Finance and the municipalities in the past months, Moratti clarified these statistical data and said that the public had been misled by stating that “the Ministry of Finance made a decision on the real estate tax, and the ministry he was leading complied with the law.”

Noting that the assessments for the real estate tax were made by the municipalities and the municipalities have estimates that are lower than the market value, Moratti stated that the Ministry of Finance has not taken any decision regarding the real estate tax.

“Someone showed me a decision the government had made on this issue. This happens automatically because the Property Tax Office is legally required to make an assessment and authorize experts.” Minister Moratti stated that he had offered a tax exemption of up to 100 euros for the year, and that this would help those who had little property.

However, Moratti said: “For a person who has to pay 50 million euros in property tax, 100 euros is not valid. He gave statistics that there are a thousand people in the country with a total property of more than 5 billion euros.

Kosovaport