Romania's government introduces new property tax regulations for 2026, offering significant reductions for older buildings and giving local councils greater authority to adjust municipal tax rates.
Romania’s Ministry of Finance has approved tax reforms on 27 February 2026, which are set to begin in the 2026 fiscal year, emphasising revised property assessments and enhanced flexibility for municipal governments.
To align taxation with actual market conditions and building depreciation, the new measures establish:
- A 15% decrease in assessed value for properties aged 50 to 100 years
- A 25% decrease for properties exceeding 100 years of age
If substantial renovation work boosts a property’s value by a minimum of 50%, tax authorities will update the official construction date accordingly, maintaining equitable treatment across cases.
The regulatory updates provide clearer guidelines for taxing facilities dedicated to sports activities, adhering to state aid requirements while offering greater certainty for athletic organisations and property developers.
Local governments have a 15-day window following the ordinance’s implementation to adjust their supplementary local tax rates downward for 2026. Any excess payments made by residents will be corrected or returned in accordance with existing legal procedures.
