Situation: The taxpayer owns an apartment with total floor area of 200 m2. He is sole owner.

How much tax on immovable property will he pay per year? 

Answer: The taxpayer is eligible for a relief up to 60 m2, therefore, only 140 m2 is subject to 

taxation. Current statutory minimum monthly wage is UAH 1,218. Given this, the taxpayer 

should pay 1,218 x 2% x 140 = UAH 3 410,40 per year (the maximum amount, provided that the 

tax rate established by the local authorities of the region in which the property is located, is 2% 

of the minimum monthly wage).