Tax Deadlines and Penalties for Property and Land in the Current Year
A legal expert from the National Research University explained the essential deadline for paying 2023 property taxes. December 1 marks the final day to submit these taxes on time. Beginning December 2, penalties accrue daily for late payments. The penalties can be significant: a citizen may face a fine equal to 20% of the underpaid amount, and if the tax authorities prove that the fee was not paid or deliberately underpaid, the fine can climb as high as 40%.
Property taxes cover a range of real estate and related assets. The list includes apartments, rooms, detached houses, garages, parking areas, and even unfinished construction projects. This wide scope means property owners should review their assessments carefully to ensure all applicable payments are correct and timely.
Earlier in the year, discussions highlighted another tax element. This year, summer residents were notified that land tax would be calculated with reference to cadastral revaluations conducted in the previous year. An important note was provided: the increase in cadastral value recorded in 2022 was temporarily frozen. As a result, if the cadastral value on January 1, 2023 exceeded the value that stood on January 1, 2022, the tax base for the land parcel would still be determined using the prior year’s figures, meaning the tax base would not rise due to the 2022 adjustment.
In broader tax policy terms, there were discussions about a uniform personal income tax rate for remote workers in the federation. These discussions reflect ongoing efforts to clarify how tax obligations apply to individuals who earn income across different jurisdictions and through remote arrangements. The evolving landscape highlights the importance of understanding both local valuations and applicable tax rates to avoid penalties and ensure compliance.
For property owners, the practical takeaway is straightforward: verify current cadastral values, confirm which assets fall under property tax, and track the annual deadlines to avoid late payments. While the rules around land and property taxation can feel intricate, staying informed about annual changes in cadastral valuations and the timing of payments helps prevent surprises at year-end. The interplay between assessed values and payment timelines means proactive planning matters, especially for owners of mixed-use properties or those nearing the boundaries of taxable assets.
As always, individuals should consult the official tax guidance in their jurisdiction or seek qualified legal counsel when they face complex situations, such as disputed valuations or questions about what qualifies for inclusion in the tax base. Staying current with announcements and guidance can reduce risk and provide clarity amid changing regulations, ensuring property and land taxes are settled accurately and promptly.