Austria — Property: Property Taxes

Why this matters

Understanding property taxes is crucial for relocating individuals to Austria, as it can significantly impact their living costs and financial planning.

Key facts

• The base rate is 3.5% of the consideration, at least the property value, for sales for consideration.
• Gratuitous and family transfers use a sliding scale, the first EUR 250,000 at 0.5% and the next EUR 150,000 at 2%.
• Gains on private property sales are taxed at 30% under the real estate income tax.
• The 1.1% land register fee was not confirmed in the sources reviewed.

Steps

1. Registering with the Local Authority — After purchasing a property in Austria, the buyer must register with the local authority (Municipal Office or Gemeindeamt) within 6 months. This registration process typically involves providing documentation such as the property deed, ID, and proof of address.
2. Obtaining a Property Tax Assessment — The local authority will assess the property's value and calculate the property taxes owed. This assessment is usually done annually.