The property purchase contract is included in the group of special contracts concluded in the presence of a notary public. This means that the parties must go to the office together with a document confirming their identity and sign the document there.
The notary’s service is a paid service – the parties agree among themselves in what proportions or which party will pay the so-called notary tax . How much is? How is it calculated?
The purchase of real estate is not only an own contribution
If I want to buy a property, I must have at least 10% of my own contribution. But this is not the only element that I need cash to cover. The fee for the act transferring ownership is usually on the side of the buyer of the property.
The buyer will cover the costs of notary services and entries in the land and mortgage register. These must be made because there is a change in the ownership structure of the property.
Notary tax is a fee that is paid to a notary public for the preparation and certification of an act transferring ownership of real estate. Taxes cannot be credited with a mortgage
Notary tax – who regulates its amount?
The amount of the notary fee is determined in advance by the Ministry of Justice. The Minister of Justice sets special rates for rates. These depend on the value of the property. In practice, the amount of notary fees may change at any time, but in reality the current rates have been in force since 2004.
The notary cannot charge a higher fee than the one in the regulation. However, it can lower it for us. Competition on the notary market is considerable, so you should talk to a notary public about a lower notary fee.
What is the notary fee?
The main factor that determines the size of the notary fee is the value of the property being the subject of the transaction. The more expensive the property, the more we will pay to the notary.
The most popular range is between PLN 60,000 and 1,000,000. The fee for such property is PLN 1010 + 0.4% of the surplus over PLN 60,000. How does this translate into real amounts? Let’s look at an example: