Property tax in Kazakhstan in 2024: what individuals need to know!

Property tax in Kazakhstan in 2024: what individuals need to know!

Every year, individuals and legal entities in Kazakhstan who own property (that is, they own an object of taxation) pay property tax. Let's figure out which property is subject to taxation, and identify those citizens who are exempt from payment.

What is the object of taxation?

The property tax in Kazakhstan in 2024 combines two taxes – the real estate tax and the land tax. The objects of taxation in this case will be:

Realty. It may not only be housing. There is also a tax on owned premises, garages, country houses, parking lots.

Land plots. Please note that you do not pay tax for all types of land plots. The exceptions are specially protected areas, forest resources, and reserve lands. The object of taxation is not land that is occupied by common areas (parks, streets, roads).

Only those objects that are located on the territory of the Republic of Kazakhstan are subject to taxation. Payers should take into account that in Kazakhstan there is also an income tax (the so–called property sale tax) - for example, an apartment, a house, a parking space, a vehicle, a land plot, etc. The tax is paid by citizens who sold real estate for more than they bought, provided that they owned the object for less than a year (with the exception of property used for commercial purposes, or land with a purpose other than residential housing, suburban construction, garage, gardening, personal subsidiary farming. Such a tax in Kazakhstan is paid from the increase in value, that is, it is charged not for the entire amount, but only on the profit received. The rate for residents of the Republic of Kazakhstan is 10%.

How is the tax calculated?

The owner of the property, an individual, can find out the amount of property tax in the tax office. The specialists of the tax service calculate the amount by July 1 of the year that follows the reporting year (that is, in 2024, you will need to pay the tax for 2023).

For calculation, a formula is used that takes into account the tax rates on the property of individuals in the Republic of Kazakhstan and the value of this property. To determine only the price of the property, a different formula is used. It is used to calculate the basic cost of m2, housing (it differs in different regions), the area of the residential facility, the depreciation coefficient and zoning.

Who doesn't need to pay tax?

In 2024, the land tax and real estate tax in Kazakhstan does not apply to the following categories of individuals: heroes of the Soviet Union; heroes of Socialist Labor; people who have been awarded state titles and awards; veterans of the Great Patriotic War. Orphans, as well as children who were left without parental care, are also exempt from payments.

They do not pay tax until they are 18 years old.

One of the parents of a child with a disability or a person with a disability. Mothers with many children who have the title of "Heroine Mother".

Each category has its own benefits. For example, heroes of the USSR have the right to reduce the cost of an object calculated according to the above formula by 1,000 MCI, and people with disabilities – within 1,500 MCI.

How do I pay property tax in Kazakhstan?

The amount calculated by the tax service will be indicated on the utility bill. It can be clarified on the Egov e-government portal.kz or in banking applications.

To avoid erroneous payments, the State Revenue Committee recommends that the amount of the actually calculated tax with the simultaneous possibility of making payments using the specified details be viewed in the Upcoming Payments service kgd.gov.kz , in the E-Salyq Azamat mobile application, as well as in the mobile applications of banks Kaspi.kz and Halykbank.