Nicosia Council has broadcast a warning pointing out that unpaid property taxes will attract interest increases every month.
The council warned that the last payment date for the second instalment of property tax is September 30th.
The council went on to say that all citizens are required to inform it when they sell a house or open up a new business.
According to the council this year property taxes due are TL 4million 678 thousand with another TL 4 million due from prior years.
However of this TL 8.5 million, only TL 3.2 million has been paid.