Any leads on a broker how might help?
Maybe a google on aviation insurance in Portugal? GA insurance tends to be nationally operated. Europe is not a country; most countries are substantially different from the one next door, but perhaps Portugal may be covered by a Spanish insurer. @aart, and others, may know…
Same goes for Romania.
You pay 1% of the book value of your aircraft every year?
It’s about 1.2% of the value assessed by the local county based on your annual declaration to them, with the exception that if the plane is over 35 years old (or in a couple of other categories) it can be displayed to the public once monthly for few hours in lieu of payment. Link As you might imagine there are one or more display days every month at many GA airports, typically at the transient ramp, so for the average private owner of a typical plane the tax is optional. Many people do the display days both to avoid the annual tax and as a social event, and it also helps promote the airport with the neighbors as intended by the state, but if your tax is low and/or you’re busy it may not be worth the trouble.
Tax in many states is also due when the plane is sold, payable by the buyer. Rates vary from 0-10 % depending on location.
Would like to piggyback on this thread to ask if anyone know of a broker who deals with N or other non EU registered aircraft insurance. I am having trouble getting coverage because my plane is Z3 registration. Several brokers said that if I changed to D or F it’s not a problem.
Any leads on a broker how might help?
The tax system is a bit more complicated here.
Every type of property is taxed against a base value using different criteria. Houses are taxed based on the square meters, cars are taxed based on engine displacement, etc and every county has different values.
Insurance is also based on the tax.
Peter wrote:
e.g. Greece where an aircraft is taxed according to the engine HP, as income equivalent (@petakas @atmilatos can explain).
For a private individual aircraft owner, indeed, it is taxed per “income equivalent”.
This (in Greece) drives you then to the formation of a non profit organization i.e. an Aeroclub, that will own the aircraft and is run by its BoD.
Aeroclubs are not taxed for property but do have very specific obligations regarding participation in the National aero-athletic federation events.
In other words, I became an aero-athlete to save the aircraft.
there is a yearly tax on property, certainly in the socialist republic of Californistan. It’s about 1% of the value
You pay 1% of the book value of your aircraft every year?
The UK has ~0.5% house “rates” (council tax) but that’s off topic.
Maybe Romania (the OP of the last bit of this discussion) has such a tax (on personal property including aircraft). As I posted, Greece does (on stuff like planes and boats) and it is nearby.
I have a feeling there is something funny about this last bit of thread… It is easy enough to get some quotes on one’s proposed purchase.
It’s a good thing when the County values your plane at $20K due to unfamiliarity and no comps 
VAT or IPT on the insurance premium (if either were payable locally) would likely be more than the property tax paid.
I did have to pay $1900 sales tax when I bought it.
There is no yearly tax on property, except in countries where corruption / tax evasion is out of control e.g. Greece where an aircraft is taxed according to the engine HP, as income equivalent (@petakas @atmilatos can explain).
Single lever is on a FADEC diesel, a turboprop, or a turbojet.
