If you are interested in buying a property in Modiin you need to have an idea of what taxes you would need to pay. Israel has a structured purchase tax payment system. The percentage of tax to pay depends on the amount according to what is paid for acquiring the property. I have placed a table below to help understand the payment structure. Potential property buyers in the Israel real estate market need to understand what taxes they might need to pay in order to get a more accurate picture of the costs involved when purchasing a home to live in or buying an investment property. The tax payment structure also depends on the person’s status. If they are an Israeli resident, if the Israeli resident owns more than one property or is not a resident in Israel. There is also a different structure for non-Israeli’s who are making aliya. Eretznadlan wishes you good luck and success in buying your Israel real estate.
Below are the Israel real estate tax brackets for the period: 16.01.2024 to 15.01.2025 :
Purchase Tax Bracket – 2024 – 2025 *
*This is a general guide. Always double check with your real estate lawyer in order to make sure and understand the exact taxes that you would have to pay when purchasing a property in Israel.