North Macedonia published amendments to the Property Tax Law in the Official Gazette on 6 July 2021 that provide for an increase in property tax rates on vacant and unused immovable property. Under standard rules, municipalities impose an annual immovable property tax at rates ranging from 0.1% to 0.2% based on the market value of the property determined in accordance with the methodology prescribed by the government. With the amendments, the tax rates range is increased by a factor of 3 for …