Tax Deprtment

The tax rates for immovable Property for the years from 1980 onwards are

Years 1980-1983

From £1

1,5‰

Years 1984-1989	From £0	To £35,000	1,5 ‰
	From £35,001	To £100,000	2,5‰
	From £100,001	To £200,000	3‰
	From £200,001		3,5‰

Years 1990-2002	From £0	To £100,000	0‰
	From £100,001	To £250,000	2‰
	From £250,000	To £500,000	3‰
	From £500,001		3,5‰

Years 2003-2007	From £0	To £100,000	0‰
	From £100,001	To £250,000	2,5‰
	From £250,001	To £500,000	3,5‰
	From £500,001		4‰

Years 2008-2011	From €0	To €170.860,14	0‰
	From €170.860,15	To €427.150,36	2,5‰
	From €427.150,37	To €854.300,72	3,5‰
	From €854.300,73		4‰

Έτος 2012	From €0	To €120,000	0‰
	From €120,001	To €170,000	4‰
	From €170,001	To €300,000	5‰
	From €300,001	To €500,000	6‰
	From €500,001	To €800,000	7‰
	From €800,001		8‰

Years From 2013	From €0	To € 40,000	6‰
	From € 40,001	To € 120,000	8‰
	From € 120,001	To € 170,000	9‰
	From € 170,001	To € 300,000	11‰
	From € 300,001	To € 500,000	13‰
	From € 500,001	To € 800,000	15‰
	From € 800,001	To €3,000,000	17‰
	From €3,000,001		19‰

2. Individuals are entitled to a tax deduction of upto £37,50 for the year 1980 and £52,50 for the years 1981-1989.

3. Persons whos total immovable property in the republic does not exceed €12.500 for the year 2013 are not subject to tax.

ADDITIONAL TAX :

1. If there has been a low estimation of the value of the immovable property in the declaration submitted, then additional tax of 10% is imposed on the diffrence between the final tax and the amount initially paid. Low estimation is defined as the value of the property being estimated below 3/4 of the final value of the property to be assessed.

2. More information about obligations is available on the web page under the title "Information relating to the imposition of tax".

Back to previous page

Public Service hours 08:00 - 14:00

Other Information