TIRANA, July 7 – Citizens and businesses have saved €104.3 million in fiscal costs through the reduced 5% tax rate for property reassessment, according to the General Directorate of Taxes.

The data covers the March-June period of this year, during the implementation of the property reassessment process.

The scheme allows individuals and businesses to benefit from lower tax rates when updating property values. It reduces the fiscal cost they would otherwise pay during property transfers.

Meanwhile, the process applies both to owners who plan to sell their properties and to those who registered their assets at values below current market prices.

The tax administration said the deadline for completing property reassessment is December 31, 2026.

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