After Jan 2012, EU citizens are allowed to own regulated land property on their personal names. This post aims at informing the property buyers what they are obliged to do after they actually purchase the regulated land and/or house
- Bulstat registration of property owners
The first thing the first-time buyer needs to do is to register themselves in the Bulstat Register. The obligatory term for Bulstat registration is 7 days as of the moment the title deed is handed by the notary to the property owner or to a proxy. If the registration is not done within the aforesaid term, the property owner will be sanctioned with a fine by the Bulstat Register.
The Bulstat Register is part of the Registry Agency. The Bulstat registration is done in the local office of the Agency, where the property is located and it is done for first time buyers only! Once you have bought a Bulgarian property on your name and have registered with Bulstat Register, you don’t need to register again.
Bulstat register is a statistics authority which tracks different types of information. In this case, the main goal is to count and collect information of the EU citizens who have bought real estate in Bulgaria.
- City Council Tax Declaration of property
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The next legal action is a property buyer needs to declare in the local municipality is that he owns the property. If this is not done, the outstanding taxes would still be assigned to the old property owner.
This declaration has to be brought in within 2 months after the title deed for the purchase is signed. If this deadline is missed, the municipality will impose sanctions (fines and interest) on the new owner.
The declaration of the property has three main goals:
- The municipality is now aware that the property has new owner
- The owner declares the type of the property, it’s area, construction type etc.
- The municipality calculates the tax value of the property based on the declared facts and defines the annual property tax and garbage fee
Having the above information, the local council sends annual letters (usually in the beginning of the year) with the outstanding amounts for local property tax and garbage fee. Some municipalities provide online check (e.g. Samokov) where a person just has to sign up with his Bulstat number and can see the information without waiting for postal notice or calling the local tax office.
If the declaration hasn’t been done, or the outstanding money hasn’t been paid, the municipality charges interest on the unpaid amounts. A recent trend is that the municipalities use law enforcement agents to collect all these debts. Hiring an enforcement agents increases the amount with legal costs and is a threat to foreigners who don’t live in Bulgaria, because the property can be put on public tender and sold in order the council debt to be covered.