Typically, the liability for the previous year is due in two installments: one in mid-Spring and another in mid-Autumn. The Role of the Energy Performance Certificate Since 2023, the Greek tax system has integrated environmental considerations directly into the billing process, linking property taxes to the Energy Performance Certificate (EPC) of a building.
Avoiding Property Tax Penalties in Greece: Compliance Tips and Key Deadlines
It is vital to review this document carefully to ensure the information regarding your property's size, classification, and valuation is accurate. Payment Deadlines and Procedures The Greek tax year operates on a calendar year basis, with specific deadlines for the payment of property taxes.
Special Considerations for Foreign Owners Foreign nationals purchasing property in Greece must be aware that they are subject to the same tax rules as local citizens regarding property taxation. Additionally, income generated from renting out the property is also taxable, and owners should familiarize themselves with the regulations concerning rental income to ensure full compliance with Greek fiscal law.
Avoiding Property Tax Penalties in Greece: Key Compliance Steps
You can usually find this number on the official tax notice issued by the tax authorities or within the documentation related to the property's title. How Property Taxes Are Calculated The calculation of property taxes in Greece relies on the official evaluation of a property's annual rental value, known as the "ενιαία φορολογική αξία.
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