The rate of taxation is as follows:
VALUE OF PROPERTY IN CY£ RATE CUMULATIVE TAX IN CY£ Value from Value to - 100.000 0% 0 100.001 250.000 0.2% 300 250.001 500.000 0.3% 1.050 500.001 over 3.5%
Owners of immovable property are also subject to minor taxation under other laws, such as municipal or village rates, sewerage fees and refuse collection charges, ranging from CY£50 to CY£100 per annum.
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