How the Greek Property Transfer Tax Is Calculated

The calculation has four steps: taxable value → exemption → 3% tax → municipal surcharge. Below we show them with a worked example.

Last updated: June 2026

Step 1 — Taxable value

The tax is not necessarily calculated on the price you agreed. The higher of the two figures is used:

• the objective value (αντικειμενική αξία) of the property, and
• the contract price stated in the deed.

If the objective value is €150,000 and the price €160,000, the taxable value is €160,000.

Step 2 — First-home exemption (if applicable)

If you are buying a first home and meet the conditions (which generally require permanent residence in Greece), a tax-free limit is subtracted and only the amount above it is taxed. Note that this exemption usually does not apply to non-resident foreign buyers.

Step 3 — 3% transfer tax

A rate of 3% is applied to the taxable amount.

Step 4 — Municipal surcharge

A municipal surcharge equal to 3% of the transfer tax is added, bringing the effective burden to about 3.09% of the taxable value.

Worked example

A buyer with no exemption purchasing a property of €200,000:

Second example: purchase without exemption

An investor buys an apartment worth €150,000 (second home, no exemption):

Common mistakes

• Calculating on the price when the objective value is higher — the tax uses the higher of the two.
• Forgetting the municipal surcharge — it adds another 3% of the tax (≈3.09% total).
• Applying the first-home exemption without meeting the conditions (permanent residence, no other suitable home).

Indicative calculation — not legal or tax advice. See our privacy policy. Greek source: Ελληνικά.