What you should know about property tax
In Morocco, the housing fee is imposed on an annual basis on built-up real estate of all types and
shapes, and it includes the lands on which the real estate, buildings and land related to them are built, such as squares, corridors and gardens, if they belong directly to them, especially those that
their owners take from and make them a primary or secondary residence.
- But are there properties that are exempted from property tax?
- Permanent exemptions and reductions
- You benefit from permanent total exemption:
- Royal residences
- Properties you own:
The state, local authorities and public hospitals; Relief and charity projects subject to state control; Associations recognized as public utility
if these properties house charitable institutions
and do not aim to make a profit:
- endowments other than family endowments;
- Real estate placed free of charge at the disposal of the institutions and for provided bodies .
- Real estate owned by foreign countries and allocated for the residence of their ambassadors, ministers plenipotentiary, or consuls accredited in Morocco, provided that those countries treat the Kingdom of Morocco reciprocally in this regard.
Real estate used as premises for a diplomatic or consular mission owned or leased by the receiving state or the head of the mission in accordance with Article 23 of the Vienna Convention, relating to diplomatic relation
Real estate owned by international bodies that enjoy the diplomatic system, if these real estate are intended for housing the heads of their missions accredited to Morocco.
Real estate that does not generate income and is designated only for the performance of various religious rites or for free education, or is classified or registered among the historical monuments according to the conditions specified in the legislative and regulatory texts in force
A reduction of 50 % of the housing fee applies to real estate previously located in Tangiers.
Temporary exemption
Benefit from the temporary exemption from the new buildings built by people with regard to the
main residence during the five (5) years following the year during which the construction works
were completed.
Some tax solutions to face the real estate crisis:
Those responsible for the real estate sector look at the problems that the real estate field has recently known because of the value of the tax on housing, which made the responsible authorities carry out the process of reducing taxes on the sale of real estate, given the problems that Morocco knows of the low level of selling a group of real estate. Because of the tax cost.
In the same context, the Minister of Economy and Finance raised the possibility of persuading the House of Representatives to reduce the tax rate on real estate profits allocated to the sale of land, justifying this as a measure that could restore vitality to the real estate sector in Morocco, especially if this tax was reduced from 30 percent.
