Friday, December 23, 2011

LVT in Greece

Greeks take a stand against unpopular property tax

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 €0.50 and €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.

Posted by drewster @ 07:39 AM (2090 views)
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11 thoughts on “LVT in Greece

  • Note the pro property investor, anti property tax Daily Mail-style partisan headline. As Alistair Darling recently said if anyone finds a popular tax they really should get in touch with the Treasury urgently.

    Careful BBC, your bias is showing!

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  • “The property has been in their family for generations”

    Yes dear, and what effing relevance does that have to anything?

    “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.”

    Nope, the tax is on the land value, not the building.

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  • LVT in someones bed, life, head and probably married to it lol

    happy xmas

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  • Maybe they should come an arrangement with the government whereby they don’t pay their property tax and the government does not send police to that address ever no matter what happens and they switch off the closest two street lights and charge for parking on ghe public land directly outside the house, etc, etc.

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  • mark wadsworth says:

    Mombers, why stop there?

    Cut off their pensions, free heatlthcare, take the children out of university, deny them the right to vote and delete their names from the land registry.

    Just as long as you don’t take their “property” off them, that’s all that matters.

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  • 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.”

    I’m reminded of McDonalds in America, where you can get free refills on soft drinks. You can literally walk up to the soda fountain and top up your drink as much as you like, within reason.

    The homeownerists logic is: “Hey, I bought a cup of soda last month. I still have the used cup. Why shouldn’t I be allowed another free refill every day for the rest of my life?”

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  • home ownerist, air breatherist, water drinkerist, sleeperist.
    whatever rights will they ask for next?

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  • land tax,
    water tax,
    air tax,
    rowing boat tax,
    bycicle tax,
    shoe lace tax.

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  • drewster seen it happen in raising canes, the manager tried to kick them out so funny to watch this fat family wanting to refill their sweet tea probably more sugar than coke, they only bought some strips no drink or anything, just wanted to drink sweet arizona tea

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  • I got too exasperated to read past this gem of information

    “The property has been in their family for generations but without a single income between them, they are dependent on relatives for most of their expenses. ”

    I understand why the lady would not have an income. But they young bloke? Talk about the personification of pointless. Okay it may be hard to get work in Greece at the mo’ but won’t he be on some generous benefits? Maybe I am talking out of my rear end. It just struck me as being a little stupid. Why not bend every effort to help your country in what is definitely an hour of need? Is it better to sit back and act the martyr?

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  • “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”.

    Firstly, the tax was paid generations ago (not ‘we paid’), and secondly I very much doubt your great grandfather did indeed pay any tax.

    This does raise the question of how best to start charging LVT if one planned it carefully. It is desirable to have a tax system that is simple and predictable so that people can plan. Ideally people like those in the story would be given a rolling compounding deferral which would be collected on the death of the owner or on sale, but the problem is that Greece needs cash now.

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