Tags tax on houses Property tax reduces household incomes and expenditures Thursday, Dec 13, 2018 Property has been suffered a variety of taxes in the process of formation, therefore, applying an annual tax on property is unreasonable and distorting the taxation principle. Finance Ministry proposes new housing tax Tuesday, Apr 17, 2018 Ministry of Finance has proposed tax on houses depending on theirconstruction value as part of its draft law on property tax.