Property taxes in Montenegro
Distinguish acquisition tax, VAT and annual ownership tax.
Reviewed:
Property taxes in Montenegro
Transfer tax is progressive: up to €150,000, 3%; between €150,000 and €500,000, €4,500 plus 5% of the excess; above €500,000, €22,000 plus 6% of the excess. The taxable value follows tax rules and may differ from an advertised price.
Budgeting for the transaction
VAT-taxed transactions follow specific rules: do not automatically add both VAT and transfer tax. Annual property tax depends on the municipality and property characteristics. Obtain a transaction-specific estimate of taxes, notary, registration and banking costs before signing.
Sources
General information only. A notary, lawyer and tax adviser must check how the rules apply to your transaction.