Hikes of up to 61.54 percent and reductions of up to 37.5 percent delineate the breadth of new objective tax criteria approved by the finance ministry this week – rates on which property taxes will be based for 2018.
Higher rates were approved for several “working class” or middle-class districts in the greater Athens area, such as Keratea, Perama and Drapetsona, as well as on Crete and other islands. At the same time, pricey inner city Athens districts will also see property rate hikes.
Conversely, many of the more affluent districts of Athens and Thessaloniki will see objective tax criteria drop , given that in previous years such rates were judged to be exorbitantly high.
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