Increases In Real Property Taxes Capped

Valuation studies regarding the property tax values forming the basis for the calculation of the real property taxes payable by property owners were completed back in July 2025.¹

The significant increases resulting from these valuation studies led to public expectations that a limitation would be introduced, similar to the situation in 2017.

In response, Law No. 7566 on the Amendment of Tax Laws and Certain Other Laws and Decree Laws ("Omnibus Law")² was published. The Omnibus Law introduced caps on real property tax values, as has been the case in 2017.

Accordingly, the real property tax values of building and land for 2026 may not exceed twice the tax values applicable for 2025.