In the capital, 406 properties were excluded from the list of retail and office real estate properties that are subject to property tax based on the cadastral value. This decision was made at a meeting of the Presidium of the Moscow Government, said Deputy Mayor of Moscow, Head of the Department of Economic Policy and City Development Maria Bagreeva.
She clarified that organizations that are the owners of these objects will pay property tax at the average annual cost in 2024.
“The city promptly responds to changes in the characteristics of real estate and to the requests of their owners and, thanks to effective interdepartmental work, makes the necessary adjustments to the list of retail and office real estate, thereby constantly maintaining its relevance,” said Maria Bagreeva.
The transfer of retail and office real estate in Moscow to the calculation of property tax based on cadastral value, which reflects the real value of the objects and ensures fair tax conditions, began in 2014. Every year the government of the capital approves a list of retail and office real estate, the property tax for which is calculated based on the cadastral value. In 2023, it included over 37 thousand objects, including consumer services and public catering facilities, office and retail real estate.
Tags: Moscow properties paying property taxes average annual cost
