Some 750,00 property owners not to benefit from ENFIA cut

More than 750,000 property owners, who account for 50 percent of the annual revenues stemming from the Single Property Tax (ENFIA), will see no drop in their ENFIA dues this year, which effectively leaves the middle classes out of the 2019 tax reduction.

These owners, who pay the state some 1.3 billion euros altogether as regards their real estate assets and each have total property of a taxable value (known as "objective value") of more than 202,857 euros, will not be entitled to any reduction in their ENFIA payment this year as that value level is the threshold above which the discount of 100 euros per owner does not apply.

Data show that 3.49 million owners with properties valued at up to 60,000 euros each will benefit by 50-55 euros on average; another 1 million owners with assets worth 60,000-100,000 euros will see their ENFIA dues shrink an average of 70-80...