Frankfurt property tax

Member since 02 April 2025

everittventuresMember02 April 2025 08:49:03

Hello everyone,

I recently received an offer for a new apartment in Frankfurt that is still under construction, and I’m unsure about the property tax. How is property tax calculated for a property that is not yet fully built? Do you have any experiences or tips on this?

Since January 1, 2025, Frankfurt has introduced new tax rates (Hebesätze) as part of the property tax reform. If anyone has been in a similar situation, I would greatly appreciate your insights or links to official information sources.

Thank you in advance!

See also

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore Expert02 April 2025 14:30:05

15620

The property tax ("Grundsteuer") differs from town to town and can depend on various factors, so you better ask the local authorities there. However, it is generally low (usually a few hundred Euros per year for any property you own).

More impotant is the property sales tax ("Grunderwerbsteuer"), which is due at the time of purchase and amounts to 6% of the purchase price in Hessen and 6,5% in Brandenburg (both have a town called Frankfurt).

Since there are also transaction and registration fees, you should budget 10% of the purchase price (plus the agent fee, if one is involved) for associated costs, on top of the purchase price.