Real estate tax in St. Petersburg will increase by 8.3%

The tax on private apartments and garages in St. Petersburg in 2007 will be increased by 8.3%, Fontanka.ru reports.

The facts in the cost of the inventory value of buildings, premises and structures belonging to citizens on the right of ownership used for tax purposes are annually determined by the city government. Recall that these coefficients have practically not changed over the past few years.

An increase in tax is due to an increase in inflation, which determines the balance value of real estate this year relative to 1969, when an inventory was carried out. According to the published decree of the Government of St. Petersburg, in 2007 this coefficient is established equal to 40.68.

Given that now it is 37.57, next year the tax base and the relevant payments will increase by 8.3%. In 2006, the tax increased by 13.8%, in 2005 - by 8.9%.

In St. Petersburg there is a progressive scale of taxation of property of citizens. Owners of residential buildings, apartments, cottages and other residential buildings, premises and structures, the balance cost of which does not exceed up to 300 thousand rubles, must be given to the treasury 0.1%of this amount per year, from 300 to 500 thousand rubles - 0.2%, more than 500 thousand rubles - 0.3%. For garages and other non -residential buildings, premises and structures, these rates are 0.1%, 0.3% and 2%, respectively.