What ongoing costs should I expect as a property owner in Montenegro?

Annual property ownership tax in Montenegro is assessed at between zero point two five and one percent of the property's official value, depending on location and property category. Utility costs, including electricity, water and communal charges, are generally moderate by European standards. Properties within managed developments or gated communities carry annual HOA fees covering services such as security, landscaping, pool and common area maintenance; these vary by complex and are disclosed in the purchase documentation. Properties with pools, gardens or sea-frontage carry higher maintenance costs. If you are not resident in Montenegro, appointing a local property management company is advisable and represents an additional annual cost, typically three to ten percent of rental income for managed rental properties. Rental income is taxed at a flat rate of fifteen percent. Barok Estates can provide property management introductions for clients requiring full post-acquisition support.