Property tax

Property tax is a type of tax paid by property owners. It applies to commercial properties as well as residential properties and agricultural land.

The amount of property tax is generally determined as the product of the property area and the local coefficient.

For commercial properties, property tax is often considered an operating expense and can be included in the costs that are charged to tenants as part of their rent or service fees.

The amount of property tax and its impact on property value are relatively important factors that property owners and real estate investors should consider when purchasing, selling, or managing commercial properties.