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The Bulgarian Parliament passed amendments to the Local Tax Act, providing for new taxation of property owners. Photo by BGNES
The Members of the Bulgarian Parliament revoked Wednesday the minimum property value threshold that was free of tax by passing amendments to the Local Tax Act at second read.
With the change, owners of properties with tax appraisals below BGN 1 680 will have to pay taxes as well.
The proposal was submitted by the cabinet of the ruling Citizens for European Development of Bulgaria (GERB) party and was passed by the votes of GERB MPs and those from their ally – the far-right, nationalist "Ataka" party, despite criticism, coming from the opposition, such tax would be difficult to collect and expenses for its administration would end up being higher than the revenues.
GERB MPs supported the change on the grounds local authorities are insisting on having it and it would increase municipal revenues.
It was reported meanwhile, Sofia Deputy Mayor, Minko Gerdzhikov, had proposed a new zoning of the city, which would lead to higher property and waste disposal taxes for owners in several districts such as "Zona B-5," "Kriva Reka," the area around the Central Railroad Station and the suburbs of "Boyna," "Dragalevtsi," and "Malinova Dolina."
Sofia so far is the only large Bulgarian city considering increasing the property and waste disposal tax, the Bulgarian daily "Dnevnik" writes, citing their own inquiry with the Varna, Burgas, and Plovdiv City Halls.
During a gathering in Stara Zagora with nearly 1,000 mayors from villages, municipalities, and regional cities, GERB leader Boyko Borissov spoke candidly about the party’s achievements and the upcoming electoral challenges
GERB leader Boyko Borissov met with ministers from the outgoing “Zhelyazkov” cabinet after they formally handed over power to the caretaker government, using the gathering to review the work of the administration and outline the party’s next political ste
GERB is set to hold a reporting and election national assembly on March 22 in Sofia, marking the start of the campaign for the early parliamentary elections scheduled for April 19
Bulgaria has officially launched the 2026 tax campaign for income earned in 2025, and early results show strong public engagement.
On Monday, Delyan Dobrev, chair of the parliamentary Budget and Finance Committee, former minister and long-standing figure in GERB, is expected to submit a request to withdraw both from the party’s Executive Committee and from parliament
Recent data from the Tax Foundation reveal a widening gap in Europe between East and West when it comes to tax rates for top earners in 2026.
Housing prices in Bulgaria have surged by 157% between 2015 and the end of 2025
The Bulgarian real estate market is showing signs of cooling in early 2026, with experts reporting a slowdown in transactions and a shift toward more balanced conditions between buyers and sellers
In 2026 the Bulgarian residential market is shaped less by size and more by adaptability.
Bulgaria’s entry into the Eurozone marks a defining moment for the country’s real estate sector.
The housing market in Bulgaria is undergoing notable shifts, with buyers increasingly prioritizing location and accessibility over sheer size.
Property values in Sofia have surged by approximately €500 per square metre over the past year, according to data from one of Bulgaria’s largest real estate agencies. Across the country’s main cities, housing costs climbed by 20% in the final quarter of 2
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