Europe’s smallest non-theocratic micro-state, Monaco, has no property taxes. However, like nearby Liechtenstein, be ready to pay. Monaco’s glistening shoreline and luxurious homes are a major goal of many high-achieving entrepreneurs, and legally avoiding property taxes helps make property ownership here even more attractive.
“This small European country (Monaco) is gaining popularity among real estate investors with its 0% property tax policy and breathtaking views.”
If you wish to rent out your Monaco property, there is a 1% tax, although it is payable by the tenant. Overall, Monaco maintains its important place among the list of countries with no property taxes — making it a continued favorite playground for the wealthy.