By G. Kouros
The Greek government has provisioned 2.65 billion euros in revenue in its draft 2017 budget from property tax (ENFIA) proceeds, meaning that the system for tax rates will remain pegged to the current tax criteria for real estate in the coming year.
Recalculating property values based on more realistic commercial rates will, in the best of circumstances, come online in mid-2017, too late to affect rates for 2017.
Some six million property owners are liable for the unpopular ENFIA tax in 2016, a figure that is not expected to change for 2017.
