Annual Real Estate Tax

From 2014 the annual property tax called ENFIA applies to all the property owners in Greece . Previously the tax was included inside the property’s electricity bills during 2012-2013. This practice changed and the ENFIA property tax is being sent now by the Greek tax authorities, to ALL the properties, houses, plots, properties with no electricity, agricultural land, etc..

All real estate owners are obliged to pay this tax. 

The ENFIA unified property tax also applies to co-property owners, usufruct owners, bare owners, people who have the legal right to solely live in a house, people who own a parking space in a building/ block of flats, people who have swimming pools, storage places. 

The ENFIA property tax is paid by individual persons-property owners, as well as companies.

ENFIA calculation is based on many factors such as the square meter price, price zone area, building license year, main and auxiliary spaces and if the property is in the stage of construction or not.

Roughly the ENFIA property tax is around 3-4 euro per square meter.

Changes from 1.1.2016

From 1.1.2016 all individual real estate owners will have to pay additional supplementary ENFIA property tax.

Tax rate table on supplementary property tax for individual real estate owners:

Objective value (€)	Tax Rate
0.00 – 200,000	0.0 %
200.000,01 – 250,000	0.10 %
250.000,01 – 300,000	0.15 %
300.000,01 – 400,000	0.30 %
400.000,01 – 500,000	0.50 %
500.000,01 – 600,000	0.60 %
600.000,01 – 700,000	0.80 %
700.000,01 – 800,000	0.90 %
800.000,01 – 900,000	1.00 %
900.000,01 – 1.000,000	1.05 %
1.000.000,01 – 2.000,000	1.10 %
<2.000.001	1.15%

Supplementary property tax rate is 5.5(‰) on Legal entities in general. Properties owned and used for business activity are charged with 1(‰).