Friday, December 23, 2011
LVT in Greece
The deadline is approaching for Greeks who have not yet paid a new property tax attached to their electricity bills. Many could lose their power supply by the end of the month; others have been given until January to pay up. One of those who cannot afford to pay the tax is 87-year-old Katerina who lives in a small apartment in north Athens. The property has been in their family for generations. "They are asking us to pay a tax that we paid when we bought the house and the constructor paid when he built the house." The tax ranges between â‚¬0.50 and â‚¬20 per square meter depending on the location of the property. The government says it has already collected 80% of the first wave of property taxes.