ENFIA property tax to burden 7.3 million Greeks

17 August 2016
1071 Views

7.3 million property owners in Greece will be called upon to pay a total of 600 million Euros for each month from September through to January 2017, with average per owner estimated at 458 Euros.

Tax authorities are expected to issue the special property tax (ENFIA) clearance slip by Thursday, while the exact amount corresponding to each taxpayer will be posted on Taxisnet, the official site of the Tax Office, next week. At least 5 million property owners will pay the same amount as last year, while citizens with farm land will be burdened with a further 250 million Euros.

According to the Finance Ministry’s initial assessment, the aggregate of the payable amount from the property tax will amount to 3,344 billion, slightly over the 3,342 billion for 2015. Some last minute changes saw the government back down its plans to include farm plots in calculating the supplementary tax, a decision that benefited small agricultural plot owners and pensioners who had by and large inherited lands from their parents.

Based on the standing law those who will be hit hardest from the property tax provisions are owners of plots and detached houses, who despite the reductions in objective value of properties will pay more than last year. Owners of properties that were not rented out will also be adversely affected, as they will not be eligible for a 20% discount that was implemented in 2014 and 2015.

You may be interested

Odysseus’s Ithaca – Five beautiful beaches you must visit
GREECE
shares26 views
GREECE
shares26 views

Odysseus’s Ithaca – Five beautiful beaches you must visit

Panos - Jul 27, 2021

Ithaca is one of those hidden gems that Greece has to offer the inquiring traveller. The island, known as the…

Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)
FINANCE
shares44 views
FINANCE
shares44 views

Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)

Panos - Jul 27, 2021

A Turkish yacht owner paid a total of €76,000 for violating Covid-19 regulations in Mykonos. The businessman was fined for…

Weather Greece: 10-day heatwave coming
GREECE
shares23 views
GREECE
shares23 views

Weather Greece: 10-day heatwave coming

Panos - Jul 27, 2021

A 10-day heatwave starts in western Greece today with temperatures that will reach and exceed 40 degrees Celsius. Meteorologists warn…

Leave a Comment

Your email address will not be published.