Property owners in Greece

Property owners in Greece

Only 6% of property owners in Greece will pay more for their Single Property Tax (ENFIA) this year, according to a bill introducing the amended version of the tax, tabled on Tuesday in Parliament in Athens. The vast majority of owners – an estimated 5 million taxpayers – will pay less than they did in 2021.

The main rates of the new Single Property Tax are as follows: For zone rates from 751 to 1,500 euros per square meters, the tax will drop from €3.70/sq.m. to €2.80/sq.m. The €1,501-2,500/sq.m. zones will see their tax rate drop from €4.5-6 sq.m. to €3.70/sq.m. As for the €2,501-3,000/sq.m. zones, the tax rate there will fall from €7.60/sq.m. today to €4.50/sq.m.

Furthermore, the new system will expand the 30% ENFIA discount for properties up to €100,000 euros each (it had been up to €60,000 until 2021), and the 25% discount will expand to properties of €100,001-€150,000. The bill also provides for the payment of the Single Property Tax in up to 10 interest-free monthly installments, up from six tranches in 2021.

* The owner of a 100 sq.m. first-floor apartment on Santorini, with a zone rate of €4,950/sq.m., had to pay ENFIA of €1,744 in 2021. In 2022 the zone rate rises to €5,050/sq.m. and the tax due comes to €1,991.75, up 14.21%.

* With a zone rate of €4,900/sq.m. in 2021, a 250 sq.m. apartment on Mykonos, paid tax of €10,206. This year the zone rate has risen to €5,900/sq.m. and the tax due will increase 16.51% to €11,891.24.

* A first-floor apartment in Nea Filadelfia, Athens, with a zone rate of €1,200/sq.m., paid ENFIA of €372.96 last year. Its zone rate is now €1,500/sq.m., but the ENFIA due will be down 24.32% to €282.24.

* A 100 sq.m. first-floor apartment in Xanthi, Thrace, has its zone rate unchanged at €750/sq.m., but will pay 33.33% less ENFIA – €147 against €220.50.

* An apartment of the same description in Kaisariani, Athens, had a zone rate of €1,100/sq.m. in 2021 and paid ENFIA of €310. Its zone rate is now at €1,350/sq.m. but the tax due comes to €220.50, down 29.05%.

SEARCH

[%EVENTS_SIDEBAR%]
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.