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Greek Property Tax: €2.3 Billion ENFIA Due, Attica Bears Largest Burden

Greece's 2024 ENFIA (property tax) totals €2.3 billion, with Attica paying the most (€1.21 billion) out of 6,164,976 taxpayers, despite a total objective property value of €777.8 billion and an estimated market value exceeding €1.1 trillion, reflecting a 30% average price increase since January 2022.

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Greek

Greece

PoliticsEconomyGreeceTaxationRegional DisparitiesProperty TaxEnfia

Ααδε (Independent Authority Of Public Revenue)

What is the total amount of ENFIA to be paid in Greece this year, and how is it distributed among different regions?: The total objective value of real estate in Greece is €777.8 billion, while the actual market value exceeds €1.1 trillion. A 30% average increase in market prices since the last zone price adjustment in January 2022, with higher increases in tourist and urban areas, accounts for this discrepancy. This year, individuals and businesses will pay €2.3 billion in ENFIA (property tax).
How much did the market value of real estate increase since the last price adjustment, and what are the regional variations?: The €2.3 billion ENFIA is distributed among 6,164,976 individuals and legal entities, with 1,007,924 receiving zero tax. Attica, home to about one-third of property owners, bears the largest burden (€1.21 billion), representing 52.88% of the total ENFIA despite having only 36.1% of the property owners. 359,434 taxpayers with earthquake, fire, and flood insurance received up to a 20% discount.
What are the long-term implications of the disparity between objective and market values of real estate, and how might this impact future ENFIA calculations?: The significant disparity between objective and market values highlights the need for updated assessments. The regional distribution of ENFIA, with Attica significantly outweighing other regions, underscores the uneven distribution of property wealth in Greece. Future adjustments to ENFIA should consider these regional disparities and the impact of natural disasters on property values.

Cognitive Concepts

1/5

Framing Bias

The article's framing is primarily descriptive and data-driven, focusing on the distribution of ENFIA payments across Greek regions. While it highlights Attica's significant contribution, the presentation of facts doesn't inherently promote a particular bias. The headline (if any) would influence the overall framing.

3/5

Bias by Omission

The article focuses primarily on the amount of ENFIA paid per region, providing specific figures for each. However, it omits crucial context such as the average property value per region, which would allow for a more nuanced understanding of the tax burden relative to property wealth. The lack of this comparative data prevents readers from determining whether certain regions are disproportionately burdened compared to others.

Sustainable Development Goals

Reduced Inequality Positive

Direct Relevance

The article highlights that 1,007,924 property owners were exempted from paying ENFIA, a property tax in Greece, indicating a measure to reduce the tax burden on certain segments of the population. Additionally, 359,434 taxpayers received a discount on their ENFIA, further mitigating the tax impact on vulnerable groups. These measures aim to reduce inequality in tax burden across different income and asset levels.

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