Unified Real Estate Property Tax in Greece
Unified Real Estate Property Tax in Greece
From the year 2014 and for each subsequent year a United Real Estate Property Tax is impelled, regarding rights on real estates that are situated in Greece and that belong to natural persons or companies or other legal entities on the 1st of January of each year.
The unified Real Estate Property Tax is imposed on the proprietary rights of full ownership, partial ownership , habitation and surface on the property. The unifiedReal Estate Property tax is impelled also on the proprietary (in rem) or in personam rights of exclusive use of parking position, utility room and swimming pool , that are located in a jointly-owned part of a real estate and are subsequent rights to the above proprietary rights.
In extreme circumstances it is also impelled on the right of possession with the belief of owner or quasi- possession, holding , and also on the right of binding on the property from Organizations of Local Administration according to the provisions of the law.
The unified Real Estate Property Tax is equal with the sum of the main tax on the each real estate and the supplementary tax on the total value of the property rights of the person subject to the tax.
The rights subject to the unifiedReal Estate Property Tax each year are those that exist on the 1st of January of each tax year, regardless of any changes which may occur within the tax year and regardless of the registration of the ownership title.
For the determination the unifiedReal Estate Property Tax, the real condition of the real estate is taken into account. The real condition of the real estate results from the definitive registration of the real estate in the cadastral (land registry) office .
If there is no definite registration , the elements of the property are taken into account , as they derive from the ownership title.If there is no ownership title, the elements of the real situation of the property are taken into account.If the actual surface of the property exceeds the one indicated in the definite registration in the Land Registry or the ownership title or the building license or there has been a change in the usage of the real estate, the real surface and the real usage of the real estate are taken into account.
Subject to the unifiedReal Estate Property Tax is every person or entity mentioned above , depending on his/her/its right and portion , and specifically :
a) The person or entity who acquires a right on a real estate from any cause, from the date of the issuance of the final contract of from the date of the issuance of a final court decree by which the right on the real estate is acknowledged or the person that transferred the property was condemned to statement of intent.
b ) The person who acquires a real estate by confiscation, from the date of the auction report.
c ) The inheritor .
d ) Any person who has acquired a property by a final donation contract by cause of death , provided that the death occurred up to 31st December of the previous year .
The full owner is obliged to pay the total United Real Estate Property Tax that burdens the real estate by his percentage of ownership .
The calculation of the main tax on buildings is as follows :
1. The main tax which is attributable to the rights on the buildings is calculated based on the location , surface , use , age , floor and number of facades of the building .
a) The location of the building determines the price of the zone in which the real estate belongs , in accordance with the provisions of Article 41 of Law 1249/1982 (A 43 ) and the decisions of Minister of Finance that are issued under his authority . The categorization the building into a corresponding tax zone depends on the price zone that is valid in force on the 1st January of the tax year ,
b ) The surface is calculated in square meters.
c ) As regards special buildings , the surface is reduced by an applied Factor of Impairment of Surface . As special buildings for the application of these stipulations , are regarded the buildings of cases d , e , f , g ' , the ' i ' in paragraph 1 of Article 2 of the No. 1129485/479 / 12.03.1996 Decision of the Minister of Finance ( B '1152 ) , with the provisions stipulated therein.
d ) The use of the premises of the building is divided into main and auxiliary . The distinction of spaces in main and auxiliary is made by a decision of the Minister of Finance.
e) The age of the building results from the difference between the tax year and the year of issuance of the most recent building permit. If there is no building license , the year of the construction of the building as it derives from public documentation is regarded as the year of the issuance of the building license. If the year of construction does not derive from public documentation or from the declaration of data of real estates , the year in which the building was declared with the submission towards the Tas Administration Authority of the declaration of data of real estates (E9 tax form), is regarded as the year of the issuance of the building license.