- New member
- From: Pylos
- Registered: 2010-01-07
- Posts: 7
Calculating the new property tax
I'm sure a lot of us are asking ourselves how much we are going to have to pay for the new property tax.
There's a useful table on page 9 of this week's Athens News. It says the formula is:
Property surface area x price zone co-efficient x building age co-efficient = property tax.
For price zones (from ΔΕΗ bill) up to 500, the price-zone co-efficient is 3. For higher price zones the co-efficient rises in bands from 4 to 16.
Looking at page 2 of my last ΔΕΗ bill, the section Τελος Ακινητης Περιουσιας, our price zone (Τιμη Ζωνης) is 146.00.
The building age co-efficient depends on the age of the property, varying from 1.25 for buildings up to 4 years old, down to 1.00 for buildings 26 years old or more.
In which case our property tax will be 180 x 3 x 1.25 = 675 euros.
Collection of the tax will be spread over the next two ΔΕΗ bills.
Does anyone else have any different information?