ENFIA hikes for 1 mln owners

The data on the adjusted property rates used for tax purposes (known as "objective values") that the Finance Ministry released on Tuesday showed that for 946,671 households and 7,126 enterprises, the Single Property Tax (ENFIA) will grow this year by up to 200 euros, or a little more in some cases.

Despite the interventions in the ENFIA rates, with the expansion of the brackets and the increase in the tax-free threshold of the supplementary property tax, the government has not managed to eliminate the added load on owners, leading to ENFIA hikes in densely populated areas, on Greece's islands and at tourism destinations in general.

According to the data on the revision of the rates across all 10,216 zones, 2,122 zones saw a reduction, 4,302 saw no change and 3,792 (or 37.11 percent of all zones) recorded a rate hike.

Increases in objective values do not...