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Turkey Holds Property Tax Valuation Unchanged, Hurriyet Says

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Dec. 3 (Bloomberg) -- Turkey will hold the valuation at which it calculates property taxes unchanged in 2011, Hurriyet newspaper reported, citing Finance Minister Mehmet Simsek.

The Cabinet has decided to leave the valuation unchanged, Simsek said, according to the Istanbul-based newspaper. Under normal circumstances property valuations would have risen 3.9 percent, the newspaper said.

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To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net