The Tax Code of the Republic of Azerbaijan

Article 198. Tax rates
198.1. Physical persons shall pay the property tax in following order and at following rates:
198.1.1. from each square meter of building area in their ownership (as regards residential premises - the part exceeding 30 square meters), the rates specified in the following table shall apply (if the building is located in Baku, then using coefficients of not less than 0.7 and not more than 1.5 to these rates, established by the relevant executive authority):

Areas	Residential and non-residential premises, privately owned by the individuals (in manats)
Baku	0,4
Gyanja, Sumgait cities and Absheron region	0,3
Other cities (except of regional subordination towns), regional centers	0,2
Cities, towns and villages of regional subordination (except of settlements and villages of Baku and Sumgait cities, as well as Absheron region)	0,1

198.1.2. for water and air transport facilities:
198.1.2.1. 0.02 manat per 1 cub. sm. of the water transport facility’s engine;
198.1.2.2. 0.02 manat per 1 cub. sm. of the air transport facility’s engine;
198.1.2.3. 1% of the market value for water and air transport facilities without engines.
198.2. Enterprises shall pay tax at the rate of 1% of the value of the fixed assets determined under Article 202 of this Code.
198.3. Natural persons and enterprises shall pay the property tax for automobile transport facilities for the engine volume of such facilities (for 1 cub.sm) at following rates.

Taxable facility	In percentages of conventional financial unit
Light vehicles	0.2
Buses and cargo vehicles	0.4

198.4. Tax rates indicated in articles 198.1. and 198.2. of this Code shall be applied to the residual value of property.