Tax base for the real estate tax is the tax value of the building or land according to the Real Estate Tax (RET) Law.

Unlike personal income tax, the corporations' tax is paid at one standard rate of %20.

The buildings and lands in Turkey and within the municipality frontiers are subject to real estate tax.

Lands and buildings of Turkish citizens in other countries are subject to real estate tax in Turkey. 

Real estate tax liability begins following the budget year in the case of acquiring real estate, change in situation of real estate property or end of exemption.