All You Need To Know About ENFIA Property Tax In Greece

Navigating property taxes in a foreign country can be daunting, but you don't have to do it alone. We are proud to introduce our trusted partners at TaxWise Greece, a team of dedicated tax experts specializing in helping expats and international investors manage their Greek tax obligations. 

Whether you are buying your first holiday home or managing a large portfolio, the TaxWise Greece team ensures your property taxes are handled with precision and care.

What Is ENFIA?

ENFIA, introduced in 2014, is a Uniform Real Estate Property Tax applied annually to all real estate located in Greece. It applies to individuals, legal entities, and other entities, and is assessed as of January 1st each year.

The tax covers various real estate rights, including full ownership, bare ownership, surface rights, and exclusive use rights for parking spaces and other areas such as swimming pools.

When purchasing property in Greece, an E9 form is required. This form lists all real estate owned and is used to calculate the ENFIA assessment. The tax consists of two components: the main tax and the supplementary tax.

What Is The Main ENFIA Tax?

This tax is calculated based on factors such as the property’s location, size, use, age, and floor level. It typically ranges from €2.5 to €16.25 per square meter. When buying property in Greece, it’s important to consider the ENFIA tax to avoid financial surprises. For instance, a penthouse and a first-floor apartment in the same building may have vastly different tax amounts, even if they share the same location.

What Is The Supplementary Tax?

The supplementary tax applies to legal entities and is generally 5.5% of the property’s value. However, this is reduced to 1% if the property is used for business purposes, such as a warehouse for a company storing supplies.

Filing & Deadlines

You will be notified about your ENFIA tax assessment through the Independent Authority for Public Revenue (AADE). It doesn’t matter how many months you had the property. The system reads if you have a property at the 1st of January each year. Once you receive your bill, you have two options:

• Pay it in full by the end of the month of assessment.
• Pay it in monthly installments (the number of installments can vary by year, currently up to 11 or 12).

To transfer a property, the owner must provide an ENFIA certificate confirming that all taxes for the past five years have been paid. A Notary Public will verify this before any sale can proceed.

General Advice For Buyers

If you’re from abroad, you may find ENFIA similar to property taxes in your home country. However, it remains a sensitive topic in Greece as it was introduced during the financial crisis. While it may not seem substantial compared to the property's total value, it is a recurring expense that must be budgeted for, especially for high-end houses in desirable locations.

You can get a discount up to 20% on residencies, if you get an insurance covering natural disasters. 

We Are Here For You!

Getting set up in Greece comes with unique challenges, especially when navigating a new tax and healthcare system. Whether you are an expat adjusting to life in the Mediterranean or a business expanding into the Greek market, we are here to help.

TaxWise Greece specializes in making this transition seamless. From filing your E9 forms to navigating complex residency requirements, their expert team provides the clarity and compliance you need to enjoy your life in Greece with total peace of mind.