Annually paid property taxes

Municipal tax

Local municipal taxes depend on the total area of the property and calculated in the municipality based on the fee per square meter (usually: 1-3€/sq.m. per year). The tax is paid once per year including in electricity bill.

The tax on home ownership

The annual tax of property ownership in Greece applies to individuals and legal entities. The tax is calculated according to an objective value which sets the tax authorities every year on January 1st. With the introduction of the new law on 1 January 2014 in Greece has a unified real estate tax, which replaced the old special tax introduced in October 2011, better known as "haratsi". New tax applies to all types of real estate. It is calculated individually for each specific property, and depends on many parameters - the type of the property, size, location, type of use, age of the building, etc.

Now, in comparison with "haratsi", new tax is not paid, together with electricity bills but it’s a separate receipt from tax service with the ability to pay it at once or in equal parts during 5 months. 

For example, the tax rate for the majority of areas in the region of Halkidiki – 2,6-3 € per m2, that means property ownership of 100m2 annual tax will be about 300 €.

Progressive tax

In Greece, with the January 1, 2014 also applies a surcharge on the total value of real estate owners (if there are several properties owned or expensive real estate) more than 300 000 euro contract value. Its rate depends on the value of the object and ranges from 0.1% of the cost up to 1% (objects worth more than EUR 1 million) per year.

Tax on land

In January 2014, for the first time in Greece it was launched a tax on land. Until this moment land has not been taxed and it was a big advantage for investors. Income tax on the land varies from 0.003 to 9 euros per square meter. m.,  depending on the value of the site, place etc.

Have a look:
Greece regions:
Customer Reviews:
Image: Celebrating a Successful Real Estate Deal in Greece
Purchasing Villa in Halkidiki, Greece and Applying for a Residence Permit – Golden Visa in Greece

This summer, June 23, Emil, a citizen of North Macedonia, contacted us with the goal of purchasing a nice villa in Greece and applying for a Golden Visa. The client was interested in Greece from the point of view of a summer holiday for the whole family and for obtaining a residence permit - Golden Visa in this country...

View more »
Embracing Comfort – A Homeowner's Testimonial in Greece
Simultaneous Purchase and Sale of a Villa in Greece with Payment in Rubles on the Territory of the Russian Federation

Our ex-client Boris asked the possibility to sell his house in Greece with being paid in Russia (in euros or rubles). Due to political situation its impossible now to transfer money from Greek bank account to Russia...

View more »
Visual: Luxury Villa Living in Greece
Purchasing a Large 6-Bedroom Villa with a Pool and Seaside Plot in Halkidiki

Artur from Kosovo contacted us with the goal of purchasing real estate in Greece and applying for a Golden Visa for himself and his three adult children. Initially the clients had two scenarios: buy 3 apartments or townhouses by the sea for each of the children or buy one large family villa by the sea for the whole large and friendly family...

View more »
Graphics: Investor's Guide to Greek Real Estate – Illustrated Steps and Testimonials
Real Estate Investments for Long-Term Rental in Thessaloniki with a 20% Yield Right from the Start of the Purchase

In January 2023, we with our trusted client from Moldova Igor, agreed the plan for the investment in Greece for the year. We have been working with Igor for 6 years. All started with a holiday house purchasing...

View more »
Photo: Family-Friendly Property in Greece – Shared Experiences and Recommendations
Reselling a Luxury Villa with 4 Bedrooms, a Pool, and a Cozy Garden on the First Line of the Sea in Halkidiki

Our client from Ukraine, Konstantin, decided to sell his summer villa in Halkidiki, due to moving with his family in another country for permanent residence. A few years ago, he bought a plot with an unfinished building, on the first sealine in Halkidiki...

View more »
buy a townhouse in the suburb of Thessaloniki
Buying a townhouse in the suburb of Thessaloniki

For us the choice of Greece was the saturation solution. My husband and I have been there a few times on vacation, we liked it. Of course, we were attracted by the fact that it is a European Union country...

View more »
Personal experience: of apartments in Greece on the island of Thassos
Personal experience: the purchase of apartments in Greece on the island of Thassos

Why Greece? Greece is my true love, which transmits to my husband, too, as love of an adopted child. My husband and I love Greece for identity, for the climate, for the environment. And even those moments that distinguish the Greeks from other Europeans and are not in a good way - we accept either. This happens only on mutual love!...

View more »
Personal experience: a house with a plot in the complex holiday villas in Kassandra
Personal experience: buying a house with a plot in the complex holiday villas in Kassandra

To own a house by the sea is my old dream. My grandparents lived near to the sea, and I certainly spent their all my summer vacations. All these colors, the smells, the flavors, the view of the sea give me a sense of freedom and happiness from the childhood. My husband understands and supports me...

View more »
Personal experience: a house in Greece on the island of Thassos
Personal experience: the purchase of a house in Greece on the island of Thassos

Our youngest son was born week and was ill for a long; due to doctor's advice, we tried to spent as much time as possible at sea, in a place with clean air and water and good climate, different from the central part of our country. So there was our first experience with Greece...

View more »
Favorits ()