Bulgarian parliamentary committees backed at first reading a proposal to increase property tax assessment values by 30% from 2027. The draft forms part of changes to the Local Taxes and Fees Act.
The plan would lift the underlying values in stages over three years, reaching twice the current base by 2029. Tax assessments are used to calculate property tax, alongside the rate set by the municipal council. If that rate stays the same, a higher assessment raises the amount owed.
Waste collection charges need separate treatment. The draft includes transitional arrangements intended to offset the higher assessment for that calculation. Municipal representatives have raised questions about how the provisions interact.
The committee decisions move the proposal into the parliamentary process. Owners will need to look at the final law and their municipality’s rate to determine the effect on their own bills.
