Cyprus Annual Property Ownership Cost Calculator

This tool helps you **estimate the ongoing annual costs associated with owning a property in Cyprus**, presuming you are already the owner. For costs related to **purchasing a property**, please refer to our Cyprus Property Purchase and Tax Calculator.

Property Details & Annual Cost Inputs

Details about Property Value:

What it is: This is your property's current market worth.

Why it matters: This value is used for two key calculations:
1. Tax Estimation: Official Municipality and Sewerage taxes are based on the property's value as of **January 1, 2013**. Since this value is unknown, our calculator **estimates the 2013 value as 50% of the current value you enter**. This provides a more realistic tax estimation than a fixed fee.
2. Maintenance Buffer: It serves as the basis for calculating your annual maintenance buffer.

Source: General property valuation principles. For official tax calculations, the Land Registry's 2013 valuation is used.

(Suggested value, please adjust if needed)
(Suggested value, please adjust if needed)

Estimated Annual Ownership Costs

Your Property Profile:

Mandatory Annual Costs

Annual Municipality Tax & Local Fees: €0.00

Annual Sewerage Board Tax: €0.00

Estimated Annual Property Insurance: €0.00

Optional / Variable Annual Costs

Estimated Annual Common/Management Expenses: €0.00

Annual General Maintenance Buffer: €0.00

Total Estimated Annual Ownership Costs: €0.00

Disclaimer: This calculator provides *estimates* of annual property ownership costs in Cyprus. Local taxes (Municipality and Sewerage) are officially based on the property's market value as of January 1, 2013. This calculator approximates that value based on the current property value you provide. Actual rates and fees are subject to change and vary by specific municipality. It is crucial to consult with a qualified Cypriot lawyer and tax advisor for accurate advice.

Feedback