Lower property tax (ENFIA) will be paid in 2026 by more than 1 million taxpayers who have their primary residence in settlements of up to 1,500 inhabitants, 400,000 households that have insured their homes against natural disasters (earthquake, fire and flood), as well as those with very low incomes. On the flip side, the tax bill will be heavier for those who acquired or will acquire real estate by the end of the year through purchase, parental gift, donation or inheritance, or legalized illegal constructions.
The tax relief announced by the government at the Thessaloniki International Fair changes the tax “map,” with the total bill to be sent in early March to 7 million property owners reduced by 75 million euros compared to this year, reaching 2.3 billion euros. The tax payment will be made in 12 monthly installments. The main change to the 2026 property tax concerns those who have their primary residence in settlements of up to 1,500 inhabitants, excluding settlements located in the Attica Region (except the Islands Regional Unit). For these taxpayers, the tax will begin to decrease from next year as it will be reduced by 50% before being completely abolished in 2027.
Who qualifies for property tax reduction
However, the 50% reduction in 2026 property tax applies:
- exclusively to rights (full ownership, bare ownership, usufruct) on the primary residence and
- provided the total value of 100% full ownership of the residence does not exceed 400,000 euros.
This means taxpayers will pay half the property tax only for their primary residence and provided its value does not exceed 400,000 euros. In cases where they also own other real estate, such as secondary or vacation homes, plots and agricultural land, or the primary residence exceeds 400,000 euros, the property tax will be calculated without the 50% discount. The measure covers a total of 12,720 settlements with a total population of 2,156,631 inhabitants, out of 13,586 settlements that exist in our country, both mainland and island. Essentially, the beneficiaries of this discount are over 1,000,000 taxpayers, permanent residents of these specific settlements.
Which property owners will see discounts above 50%
Many of these taxpayers will ultimately save much more on property tax than just the 50% tax reduction on their primary residences. These include beneficiaries of this new discount who:
- Have insured their primary residence against natural disasters. The additional discount reaches up to 20%.
- Have declared low incomes and are entitled to the 50% discount on the total property tax.
The E9 form
Before the new bill is issued and specifically by January 31, 2026, taxpayers will have the opportunity to correct their real estate portfolio picture by making corrections, additions and deletions to property data reflected in the E9 form.
Property values
According to statistical data from the 2025 property tax clearance published by the Independent Authority for Public Revenue (IAPR), the value of Greeks’ property increased by 6 billion euros in one year, with the total amount reaching 778 billion euros. The value increase mainly resulted from construction activity, as objective property prices remained unchanged last year.
The Attica region concentrates the largest portion of Greeks’ real estate. Its total objective value amounts to 410.97 billion euros. Properties in this region correspond to property tax of 1.218 billion euros, an amount representing 53% of total assessments for 2025. Central Macedonia ranks second with 101.9 billion euros and Crete third with 42.1 billion euros. At the opposite end are Western Macedonia with 10.2 billion euros, the North Aegean with 11.4 billion euros and Epirus with 17.8 billion euros.
