The extension – the previous deadline was end of April 25 – was approved in a law passed on Thursday by the House plenum.

It is the second extension given since November last year for filing objections.

Thousands of owners have complained of errors made by the land registry in valuating real estate based on the new, 2013 prices.

MP said that some 22,000 people have so far filed forms challenging the land registry’s valuation.

Owners can file an appeal by paying a fee that depends on the value of their property.

As part of Cyprus’ bailout agreement with international lenders, authorities here completed the revaluation of some half a million properties in June. It was initially planned that IPT for 2014 would be levied based on the up-to-date values, but the new rates will now apply for IPT payable in 2015.

Source: Cyprus Mail