The property tax valuations in Bulgaria will drastically increase with up to 100%, Deputy Finance Minister Georgi Kadiev explained.
The expected increase will be from 30% to up to 100% in 2006. This will result in boosted taxes "Building" and "Garbage," as they are estimated on the base of valuation taxes.
Kadiev explained that the most drastic increase would be registered in the resort areas, where the property tax valuations might go up by 100%.
Bulgaria's deput finance minister also said that such an increase will also be necessary in 2007.
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