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Katowice Has Found a Way to Crack Down on Developers. Taxes Are 30 Times Higher.
Summary by Business Insider (Poland)
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Katowice is sharply targeting developers and raising taxes on unsold apartments. City officials argue that since the unit hasn't found a buyer, it can't be taxed at the preferential property tax rate. Instead of 1.19 PLN per square meter, they're charging a rate 30 times higher. The industry is furious.
Developers Will Pay Tax on Unsold Apartments. "Many of Them Will Quietly Disappear From the market."
Katowice is significantly raising developer taxes. This is intended as a penalty for failing to sell apartments and keeping them vacant, writes wyborcza.biz.
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