Decrease in the yearly property tax in Greece during 2021
Tax Planning | December 2020

The objective values are expected to be re-adjusted and used for the calculation of unified property ownership tax (ENFIA) during 2021.

Approximately 2.900 new areas will be included, resulting to a revenue of 300-500 million euro. The new properties which will be included in the objective evaluation system are located in popular expensive and tourist areas, and as a result the revenues will be significantly increased.

This additional amount of new inclusions will be used in order to reform the ENFIA, and therefore the final collections of ENFIA will be maintained in the same levels, as mentioned by the Ministry of Finance. The potential scenarios of re-adjustment include an 8% average decrease, which means that in several areas and for some owners the actual decrease may be 12% or 15% and in other areas 5%. In this case, the owners with small real estate property will be benefited, while the tax for all those with properties which were under-taxed will be increased.

Another potential scenario is to decrease the supplementary ENFIA which is paid by approximately 500.000 property owners with real estate property estimated over 250.000 euro.

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