Objects whose owners do not have title documents and have not submitted an application for property legalization will fall under the law.
For the first year, the tax is proposed to be set at 1.5% of the value of the property, which will be determined based on Monstat data.
According to the results of last year, the average price of a new apartment per square meter on the coast was 945 euros, in Podgorica 620 euros, and in the north of the country 527 euros.
The tax payment will be split into two parts: the first will have to be paid by June 30, and the second by October 31. In conclusion, it is stated that the tax rate may vary from 0.5% to 2%. It will be approved annually by local authorities.