Ingatlanadók

Ingatlanadók refers to property taxes in Hungary. These taxes are levied on real estate owners and are a significant source of revenue for local governments. The primary types of property taxes in Hungary include real estate tax (ingatlanadó) and land tax (földadó).

Real estate tax is generally applied to buildings and structures. The tax rate is determined by the local municipality, often based on factors such as the property's size, location, and type. Homeowners and owners of other types of buildings are typically liable for this tax.

Land tax, on the other hand, is levied on undeveloped land. Similar to real estate tax, the rates and regulations for land tax are set at the local level. The purpose of these taxes is to fund local public services and infrastructure within the respective municipalities.

There are certain exemptions and reductions available for property taxes in Hungary. These often apply to specific categories of property owners, such as those who are elderly, disabled, or have low incomes, as well as for certain types of property like agricultural land used for farming. The exact rules and eligibility criteria for exemptions can vary significantly between different municipalities. Property owners are generally required to declare their property and pay the assessed taxes annually. Failure to comply can result in penalties and interest.