Facts about the property tax
Kathimerini
How is the tax calculated?
- The tax is calculated according to the price zone (calculated according to the officially set property values) in which the property lies, the surface area of the property, the coefficient in euros per square meter and according to the age of the property.
Properties older than 26 years have no additional burden, while new properties can pay up to 25 percent more. For example, someone who owns a newly constructed home of 80 square meters in the Athenian suburb of Illioupoli, where the maximum price per square meter in that zone is 1,900 euros, will pay 600 euros in property tax (80 sq.m. x 6 euros x 1.25).
Will all property owners be obliged to pay the tax?
- No. People who have been jobless for more than a year and do not receive unemployment benefits, as well as those on the list of people looking for work as seamen, will be exempt. Unemployed people who have an annual income of 12,000 euros and over will have to pay. Families with three children and more, as well as disabled people will be taxed at a rate of 0.50 euros per square meters if they have an annual family income of under 30,000 euros.
Also, the exemption for the unemployed, large families and the disabled will not be in force if the property in question is worth more than 150,000 euros (increased by 10,000 euros for every dependent child) or if the property is in a zone priced at above 3,000 euros per sq.m.
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