Property Taxation

The experts of the company Elionis will help you to understand the special aspects of property taxation in Greece. Our professionals will lead you from the property selection procedure to the desired purchase!

We will clear to you all the important details related to the property, its content and your new responsibilities. Please find below the basic rules of taxation applicable to property in Greece.

The payment of the transition tax is obligatory during the purchase of the immovable property in Greece. Currently there are two tax rates imposed:

3.09% (instead of 10% as before January 1, 2014) for the newly built properties with the construction permit issued before January 1, 2006, and the secondary housing properties irrespective of the date of issue of the construction permit.

23% in case if a construction permit was issued after the above mentioned date.

Besides the mentioned below taxes, after the purchase of the property the owner should also pay annually the unified property tax (ΕΝ.Φ.Ι.Α).  (entered into force on the 1st of January 2014, to replace the “emergency property tax” imposed in 2011 which was collected through the State Power Corporation utility bill).

The unified property tax comprises main tax and supplementary tax. The main tax applies to individuals as well as to entities, including the land and farm plots. The rate of property tax can be calculated on the web site of the tax authority using the personal pass code.

The following proprietary rights are subject to the new tax:

Personal property

Common property

Joint shared property

Freehold (acquired rights of long –term use of the residential property) etc.

Furthermore, the tax is imposed on such categories as the parking in the buildings, covered parking areas, additional premises and swimming pools.

The supplementary tax rate ranges rate  from 0.1 to 1%. It is imposed on the property with the assessed value which exceeds €300.000 for one owner and 600.000€ for shared ownership.