Property Revaluation is an official process that allows property owners to update the value of their property according to the current market price.
Why is revaluation so important?
– Without revaluation: you pay 15% capital gains tax when selling the property.
– With revaluation: you pay only 5%.
➡️ So, you save three times more.
Even if you are not selling now:
• reduces future taxes
• protects your investment
• the property value is officially registered correctly in ASHK
Steps of the Revaluation Process
- Step 1 – Market Value Assessment: Conducted by a licensed expert who prepares the valuation report.
- Step 2 – Application at AKSHI: Upload the valuation report and property documents. This is the official revaluation application.
- Step 3 – Payment of the 5% tax: After approval, a 5% invoice is issued, which must be paid at the bank within 7 days.
- Step 4 – Update of the Property Record: After payment, ASHK updates the property record with the new value.
Guide for Entering Values in the Revaluation Calculator
📌 Current Property Value
Enter today’s market value, in new lek.
🗂️ Registered Property Value
Enter the purchase price or the registered value in ASHK.
💱 Euro → Lek Conversion (if the value is in Euro)
Conversion is done using the exchange rate of the registration year (not today’s rate).
Example:
100,000 € × 139.6 (rate of 2015) = 13,960,000 lek
➡️ This is the value you enter in the calculator.
Required Documents for the Valuation Report
1. Ownership Documents:
– Property certificate (mandatory)
– Property record
– Cadastral map
2. Technical Documents:
– Floor plan
– Land/plot/villa survey plan
3. Owner Documents:
– ID card (mandatory)
– NIPT (when the property belongs to a company)
Frequently Asked Questions (FAQ)
• Why should I do the revaluation?
Because you pay only 5% instead of 15% tax.
• Who is eligible for revaluation?
Any individual or company with a registered property.
• Can revaluation be done for unregistered properties?
No, complete documentation is required.
• Is it allowed for properties with loans/mortgages?
Yes, it is fully allowed.
• How is the new value determined?
By the licensed expert through the valuation report.
• How much is the revaluation tax?
5% of the difference between the purchase value and the current market value.
• How long does the process take?
Usually a few days, depending on ASHK.
• Does revaluation reduce the tax when selling the property?
Yes, it often saves thousands of euros.
• Can it be done multiple times?
Yes, every time new government campaigns open.
• Are there any other costs besides the 5% tax?
Only the fee paid to the valuation expert.
• Can someone else apply on my behalf?
Yes, with a special power of attorney.
What is the Property Sale Tax?
The 15% property sale tax (capital gains tax) applies when selling the property. With revaluation, this tax is reduced to 5% of the value difference – resulting in significant savings for owners.
Ervin Demirxhiu – Licensed Valuation Expert
1. “Buildings and Land” – License No. Vp.0886/1
2. “Agricultural land, forest land, pasture, meadow, infertile land” – License No. Vp.1883/1
3. “Technological lines, machinery, and equipment” – License No. Vp.2142
