Why are the normal construction costs per square meter of buildings important in the calculation of real estate tax?

These costs are one of the fundamental elements constituting the tax value of buildings pursuant to the Real Estate Tax Law and therefore directly affect the real estate tax to be paid.

Does this Communiqué apply only to buildings, or does it also introduce changes for building plots?

The Communiqué focuses specifically on 'normal construction cost values per square meter of buildings', and these values will be used in calculating the tax value of buildings. However, the relevant article of the Real Estate Tax Law also takes into account the value of the building plot or the building plot share.

Where can citizens find out about these cost values that will affect the real estate tax in 2027?

These cost values are specified in the schedule attached to the Communiqué. To access the relevant schedule, one may refer to the official sources of the Official Gazette or follow the announcements of the relevant ministries.

COMMUNIQUÉ6 August 2026

Attention Property Owners: 2027 Tax Calculation Has Changed

Official titleGeneral Communiqué on the Real Estate Tax Law (Serial No: 90)

This Communiqué determines the normal construction cost values per square meter of buildings that will serve as the basis for the real estate tax in 2027 by the Ministry of Treasury and Finance and the Ministry of Environment, Urbanisation and Climate Change. These costs are determined and announced every year within the scope of the Real Estate Tax Law.

Details of the Regulation

Published in the Official Gazette dated 6 August 2026, this Communiqué (Serial No: 90) is based on subparagraph (b) of the first paragraph of Article 29 of the Real Estate Tax Law No. 1319. The relevant article of the statute stipulates that the tax value for buildings shall be calculated on the basis of the normal construction costs per square meter of buildings to be jointly determined and announced by the Ministries, along with the value of the building plot or building plot share. Furthermore, the provisions of the Regulation on the Assessment of Tax Values to Serve as the Basis for Real Estate Tax, enacted by the Council of Ministers Decision dated 29/2/1972 and numbered 7/3995, also constitute the basis for these calculations. With the Communiqué, the normal construction cost values per square meter of buildings to be applied for the year 2027 have been determined in the amounts specified in the schedule attached to the Communiqué (not included in the text).

REGAS Commentary

This Communiqué is of great importance for property owners and the immovable property sector. Because the updating of normal construction costs per square meter of buildings, which forms the basis in real estate tax calculations, will directly affect the amount of tax to be paid. Citizens and enterprises must take these new cost values into account when submitting their real estate tax declarations for the year 2027. Particularly for those constructing new buildings or trading immovable property, these values will be decisive in the official valuation of their properties.

Questions You Might Have

Why are the normal construction costs per square meter of buildings important in the calculation of real estate tax?: These costs are one of the fundamental elements constituting the tax value of buildings pursuant to the Real Estate Tax Law and therefore directly affect the real estate tax to be paid.
Does this Communiqué apply only to buildings, or does it also introduce changes for building plots?: The Communiqué focuses specifically on 'normal construction cost values per square meter of buildings', and these values will be used in calculating the tax value of buildings. However, the relevant article of the Real Estate Tax Law also takes into account the value of the building plot or the building plot share.
Where can citizens find out about these cost values that will affect the real estate tax in 2027?: These cost values are specified in the schedule attached to the Communiqué. To access the relevant schedule, one may refer to the official sources of the Official Gazette or follow the announcements of the relevant ministries.

Key Terms

Emlak Vergisi Kanunu: The Statute dated 29/7/1970 and numbered 1319; regulates the principles regarding the taxation of immovable properties in Turkey.
Bina Metrekare Normal İnşaat Maliyetleri: These are the standard construction cost values determined per square meter, which are taken as the basis in the construction of buildings and used in the calculation of the real estate tax value.
Vergi Değeri: It is the monetary value of immovable properties that serves as the basis for the real estate tax pursuant to the Real Estate Tax Law and is determined by the relevant Ministries.

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