Bratislava to increase real estate tax by 50%

Bratislava Mayor Matúš Vallo proposed a 50% hike in the real estate tax that would yield €12m more annually. City councilors will vote on the proposal. Vallo argues that a personal income tax will deprive the city of €12m in 2020 (personal income tax goes to the city) and the city also needs money for wage hikes. Other cities are increasing real estate taxes and various fees, too.

(etrend.sk)