Property tax: Who will "pay" for the last-minute changes

After a year and a half of changes and consultations, the bill for the Single Property Tax will be deposited finally in parliament today as Finance Ministry sources insisted yesterday evening.

In its final form the Single Tax traps those who have residential real estate, especially land owners, owners of parcels hitherto untaxed, and tens of thousands of owners with unused and vacant properties.

Those with building sites, unfinished construction or non-electrified properties will apparently receive a lighter tax at a discount of 30%-60% compared to the others.

Also, those who prove that are unable to pay will be excluded from the tax. The exemption will range from 50% to 100%, depending on the case and how many of the criteria are covered by the taxpayer. The criteria will be:

-  the property does not exceed an objective value of 150,000 euros

-  the annual declared income must be along the poverty lines, below 9,000 euros or 10,000 for an unmarried person. The income limit may be increased depending on the number of children

From the conditions for exemption or tax reduction officials deleted the term that allowed the taxpayer to not owe the State or insurance funds, since it would exclude 2.5 million borrowers who have debts to the State due to economic weakness.

 
In addition:

-  properties that are blocked by the State are exempted from this tax

-  businesses will be taxed on the property just as they did so far, but with 50% discount

-  during the debate in parliament there may be some improvements


Apart from the new tax will be an extra additional tax, which excludes parcels.