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Taxes in Montenegro when buying property

In Montenegro, the lowest taxes are considered, in comparison with the countries of Western Europe. Real estate tax in the secondary market is 3% of the cadastral value of the object.

If an object is purchased on the primary market, there are no taxes, which greatly simplifies the purchase procedure.

The annual tax for foreigners in Montenegro is called the "Property Ownership Tax" when buying on the primary or secondary market - 0.6% of the cadastral value per year.

Since Montenegro is a candidate for EU membership in 2025, the legislation is now changing in accordance with the requirements of the EU Commission. This also applies to taxes. An additional tax is being discussed for those property owners who cannot prove the legality of their income. When selling undeclared real estate, the seller will have to pay additional tax deductions, the amount of which is currently being discussed in the Government.

Photo by Polina Tankilevitch: Pexels

Next article Prices in Montenegro. How much do products, goods and services cost in 2022

GoMonte Real Estate Agency

Real estate agency in Montenegro GoMonte - an assistant in the purchase and sale of residential and commercial real estate.

Our experts will help: sell an object in Montenegro without leaving home by submitting an ad on our website, buy property in Montenegro with the possibility of concluding a transaction and paying online.

GoMonte also provides the service "Real estate rent in Montenegro online", short-term, annual or for vacation. Additional service: assistance in obtaining a residence permit in Montenegro, opening a business or relocation services for business and employees, accounting support.

We ensure the reliability and security of transactions, help to notarize the contract and check the legality if you want to buy an apartment, apartment, house, villa, office or land.

Consultation of our specialists is free, just ask your question in our chat on the website.