The study found that Romania collects property tax revenues equal to just 0.5% of its GDP, compared with an EU average of 1.9%. France leads the bloc, with real estate taxes accounting for 3.7% of GDP. “Romania’s share of GDP from property taxes decreased from 0.9% to 0.5% over the last decade, as the GDP growth rate has been significantly higher than the corresponding one from property taxes,” Cushman & Wakefield Echinox said. On a per capita basis, Romanians pay an average of EUR 93 annually in property taxes, far below the EU average of EUR 710 and dramatically less than the EUR 1,550 paid in France. Property taxes include taxes imposed on owners of real estate assets - buildings and land - in the form of annual taxes (local taxes on buildings and land) or ad-hoc charges (transfer taxes, inheritance taxes, etc.