Armenia Property Tax Guide 2026

Overview — Property Taxation in Armenia

Property tax in Armenia is an annual tax on the ownership of real estate, including land and buildings. The tax is calculated based on the cadastral value determined by the Cadastre Committee of Armenia. Cadastral values are periodically reassessed (typically every 3–5 years) based on location, size, use, and market conditions. The tax is paid to the SRC, which allocates revenues to local municipal budgets. Property tax is separate from income tax and is not deductible for IIT or CIT purposes. There is no stamp duty or transfer tax on property sales, though notary fees and state registration fees apply.

Property Tax Rates — 0.1% to 1%

The annual property tax rate varies depending on the type and location of the property:

• Residential apartments — 0.1% of cadastral value in Yerevan and major cities; 0.05% in rural areas
• Residential houses — 0.2% of cadastral value
• Commercial property — 0.5% to 1% depending on location (higher in central Yerevan)
• Agricultural land — rate based on land quality category, typically 0.1–0.5%
• Industrial property — 0.5% to 0.8% depending on location

The local municipality may adjust rates within the statutory ranges. Property owners receive an annual tax notice from the SRC showing the assessed cadastral value and the calculated tax amount.

Cadastral Valuation

The cadastral value is the official value assigned to each property by the Cadastre Committee. It is generally lower than the market value but has been gradually updated to better reflect market prices. The valuation considers:

• Location (zone rating based on infrastructure, amenities, and economic development)
• Property type (residential, commercial, industrial, agricultural)
• Size (land area, building area)
• Building characteristics (construction material, floor, condition, age)

Property owners may appeal their cadastral valuation to the Cadastre Committee within 30 days of receiving the valuation notice. An independent appraisal may be submitted as evidence for a revision.

Payment & Deadlines

Property tax is payable annually by 1 December of the current year. The SRC sends a tax notice to each property owner by 1 September. Payment can be made through:

• SRC online portal (www.src.am)
• Commercial banks in Armenia
• Post office branches
• Mobile banking apps

Late payment attracts interest at 0.04% per day on the unpaid amount. The SRC may enforce collection through wage garnishment, bank account seizure, or property lien for persistent non-payment.

Exemptions & Reductions

Several categories of property owners may qualify for exemptions or reduced rates:

• Principal residence — reduced rate applies to the primary residence of each individual
• Pensioners — eligible for a 50% reduction on their principal residence property tax
• Disabled persons — 50% reduction on principal residence (Group 1 and 2 disability)
• Large families — families with 4 or more children may qualify for reduced rates
• Diplomatic missions — exempt from property tax on diplomatic premises
• Agricultural land — reduced rates for agricultural land used for farming

Exemptions and reductions must be claimed through the SRC online portal or at a local SRC office.

FAQs

Do I pay property tax if I live abroad?

Yes, property tax is payable regardless of the owner's residency. Non-resident owners should arrange payment through the SRC online portal or appoint a local representative. Failure to pay may result in enforcement action.

How is cadastral value different from market value?

Cadastral value is an administrative valuation used for tax purposes, typically lower than market value. The government has been gradually increasing cadastral values to align more closely with market prices. You can check your property's cadastral value on the Cadastre Committee website.

What happens if I don't pay property tax?

Late payment incurs interest at 0.04% per day. The SRC may issue warnings, impose fines, and ultimately enforce collection through court proceedings, including seizure of assets or wage garnishment.

Disclaimer

This guide provides general information about Armenian property tax for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Armenian tax advisor or the State Revenue Committee for advice specific to your situation. InvestmentKit does not provide tax advice.