Taxes for Real Estate transactions (Greece/Greek/Crete/Creta/Kriti):

LOCAL TAXES

Owners of properties are subject to a very small Public Tax which is incorporated in the electricity bill payable every second month.

PROPERTY TAXES

Owners of real estate property whose "assessed value" or "objective value" exceeds the amount of 175.000 Euro or 350.000 Euro for a couple are subject to property taxes. As an example for real estate property whose "objective value" is estimated at 322.800 Euro and only having one owner, the yearly tax would be about 440 Euro.

Law Offices of Savvas Zannetos

Igumenu Gavriil 103-105

74100 Rethimno, Crete

Greece

Tel: (30) 28310-26-258

Fax: (30) 28310-52-263

Please Contact Us today via-

Email: zannetos@creteattorney.com