How much purchase tax you will pay
Choose the type of home and enter its value. The tax is calculated using the brackets in force.
1.52% of the home’s value
If this were not your only home, the tax would be ₪240,000, a difference of ₪194,462.
| Part of the value | Rate | Your amount in the bracket | Tax |
|---|---|---|---|
| Up to ₪1,978,745 | 0% | ₪1,978,745 | ₪0 |
| ₪1,978,745 – ₪2,347,040 | 3.5% | ₪368,295 | ₪12,890 |
| ₪2,347,040 – ₪6,055,070 | 5% | ₪652,960 | ₪32,648 |
| ₪6,055,070 – ₪20,183,565 | 8% | — | — |
| Above ₪20,183,565 | 10% | — | — |
An estimate using the brackets in force from 16.1.2024, frozen until 15.1.2028.The binding amount is set in the assessment, and there are reliefs the calculator does not cover: new immigrants, people with disabilities and home movers during the overlap period.The Tax Authority’s official calculator.
What determines the amount
If it is your only home
You pay by graduated brackets: part of the value is fully exempt, and only what lies above it is taxed, at rates that rise with the value. For an only home at a low-to-mid price, the tax usually comes to just a few thousand shekels.
If you own another home
There is no exempt bracket. The tax starts from the first shekel at a single high rate, and rises above a certain threshold. The difference between the two cases is tens to hundreds of thousands of shekels — it is the single factor with the greatest effect on the result, and the calculator shows it beside every result.
Worth checking before you assume. Under certain conditions you can own more than one home at the same time and still enjoy the reduced brackets of an only home. There are also reliefs for new immigrants, people with disabilities and home movers during an overlap period. This is exactly the point to consult a real estate lawyer before signing rather than after.
And what else goes into the budget
Purchase tax is one cost of several. Lawyer’s fees, a mortgage adviser, an appraiser, removals and renovation add up to a significant sum — we have gathered them all, with ranges, in the guide to the costs of buying a home.
And if you have not started looking yet, a mortgage consultation will give you your real budget — including these costs — before you fall in love with a property.
