The 2025 property tax in Greece must now be paid

By Christos ILIOPOULOS*

 Athens, 16 March 2025

The Greek tax authority has uploaded the yearly property tax to be paid by almost all property owners. The state has issued earlier than ever before within the year, the amount which every property owner must pay. The annual property tax called ENFIA is paid by owners of apartments, houses, buildings, plots, lands, parking lots and in general by anyone who owns any type of real estate in the country. The owner must pay this tax irrespective of whether they own the full ownership of any property or a share of it, or just the bare ownership or the usufruct. The ENFIA property tax this year can be paid in twelve monthly installments, starting from end of March 2025.

The property tax in Greece is low, compared to other countries, especially if your total personal real estate property is worth below 500,000 Euros or if you do not own one single property right worth more than 400,000 Euros. The tax authority evaluation of properties is usually slightly lower than market values, although there are cases where the state evaluation is higher than the market price. Each physical person or legal entity (i.e. company, organization etc.), owning real estate in Greece, must pay the annual property tax for properties they own and which they must have listed in their E9 tax form. Each time anyone obtains or disposes off property in Greece, they must lodge the transaction with the tax authority in their E9 form, which lists all their real estate assets. The tax authority each year estimates the tax values of the properties which are listed in the E9 form of every taxpayer and it imposes the property tax. This tax is practically paid by the person who owned the property on the first day of each year. If you sell your property in February, you must normally pay the property tax for that year, unless you agree otherwise with the buyer, something which rarely happens.

If a property is not lodged with the tax office E9 form, it will not incur property tax. But if your property is not listed in your E9 form essentially you cannot do anything with it. If you wish to sell it or gift it, or rent it, or get a loan / mortgage by a bank, or claim it before a court of low in case of a trespass or boundary dispute, you will not be able to do it. Therefore, every property owner in Greece must declare all their real estate assets in their E9 tax form and then pay every year the ENFIA property tax.

If you own property in Greece you will not receive any notice by mail, or even e-mail stating the exact amount of this property tax that you must pay. You may only receive an e-mail by the tax office, alerting you that you must pay the tax for the properties that you own. You, your accountant or your lawyer must go on line using your username and password to enter your on-line tax file, go to the specific sections of the site and find out how much it is that you must pay. The tax is paid usually on line, either via internet banking (the payment will show in about three business days), or even better, using your credit or debit cards (the payment will show immediately).

This year for the first time property owners who live outside of Greece have the option to pay their taxes in Greece using their credit or debit cards issued by foreign (non – Greek) banks, essentially just as they buy items or pay for services on line. They only need to be familiar with the site of the Greek tax authority, which is only in Greek, and after a few clicks they can pay their taxes in Greece.

   *Christos ILIOPOULOS, attorney at

the Supreme Court of Greece , LL.M.

www.greekadvocate.eu

e-mail: bm-bioxoi@otenet.gr