More than 1 million taxpayers will be exempted from ENFIA property tax this year, authority says

Over 1 million property owners will be exempted from paying property tax (ENFIA) in this year's filinngs, either because of low income and assets or because they live in areas affected by natural catastrophes, according to official data.

Over 1 million property owners will be exempted from paying property tax (ENFIA) in this year’s filinngs, either because of low income and assets or because they live in areas affected by natural catastrophes, according to official data.

An analysis of data from the Independent Authority for Public Revenue (AADE) also shows that compared to 2018, there are 171,703 fewer people that will need to pay ENFIA in 2023.

The average ENFIA payment dropped 31% from 489 euros in 2018 to 368 euros in 2023, while the sum of assets used to calculate the property tax rose from 600 billion euros in 2018 to 769.4 billion euros in 2023. The drop in property tax assessed on taxpayers dropped most in Western Greece overall (from 345 to 234 euros on average, or a drop of 32.1%) and Western Macedonia (from 308 to 210 euros on average, or a drop of 31.8%), with the most populous region of Attica leading in ENFIA payments in Greece, with over 50% of the country’s total (rom 671 to 540 euros).

Specifically, the following data on ENFIA was registered in 2023, compared to 2018:

– A total of 7.168 million individuals own property in Greece. Of these, 1.009 million were exempted from paying ENFIA. Also included in exemptions from payment are large families, people with severe disabilities with annual income below 12,000-15,000 euros (depending on marital/family status), and owners of small properties.

– Individual tax to be paid in the South Aegean has dropped but still remains high enough to come in second after Attica (from 609 to 447 euros on average).

– In Attica, 36% of owners in the region are paying 53% of this year’s entire ENFIA.

– The average value of property declared is 124,923 euros.

Overall, ENFIA for 2023 appears to have dropped by 34.3% in 2023 compared to that paid in 2018 (from 2.64 billion euros to 1.73 billion euros, or a drop of about 908 million euros)