Increase in property taxes on unoccupied apartments in Israel
The Municipality of Tel Aviv announced that it is increasing the property taxes (“arnona“) of approximately 1,400 “ghost apartments” to 220.78 NIS per square meter. Property taxes are between 50 and 85 NIS 85 per square meter for apartments in Tel Aviv up to 140 square meters (depending on the area in the city). On average, this...