Home owners whose houses have been insured against earthquakes, fire, and flooding will be able to apply for a discount in real estate tax (ENFIA) as of Wednesday (Jan. 15).
The reduction of a maximum 20% on the value of the house goes into effect in 2025 and will affect all future home insurance contracts, according to a decision by Deputy National Economy and Finance Minister Christos Dimas (A.1002/2025).
- Specifically, homes worth up to 500,000 euros that have been insured for at least a year will receive a 20% discount on their property tax (ENFIA) as of 2025.
- Homes worth over 500,000 euros that have been insured for at least a year will receive a 10% discount on their property tax as of 2025, under the same conditions as those above.
- Homes insured for less than a year but for at least three months will receive a proportional property tax reduction.
The process for the tax reduction is as follows:
1. Insurance companies have sent contracts including insurance against earthquake, fire, and flooding to the Independent Authority for Public Revenue (AADE) by October 1, 2024. All contracts must have been valid within 2024.
2. Taxpayers apply for property tax (ENFIA) reduction, and any amendments or corrections to their tax forms, by February 14 through the myaade.gov.gr portal (Applications > Popular Applications > myPROPERTY > ENFIA reduction for insured homes, all in Greek).
3. Insurance companies verify data by February 28.
4. AADE confirms conditions are met for claims and discount is provided to taxpayers.
Deputy FinMin Dimas said, "We are steadily continuing the policy of reducing ENFIA by simultaneously providing tax initiatives to citizens so they insure their homes against natural catastrophes."
AADE Governor George Pitsilis said the discount process for ENFIA began earlier in 2025 than it did in 2024, "so that by utilizing the experience from the process implemented in 2024 for the first time, we facilitate taxpayers who can claim the ENFIA discount." In addition, he noted, "in cooperation with insurance companies we are simplifying the application process, drawing and updating data from last year's applications."
Pitsilis was referring to the fact that taxpayers whose insurance companies forwarded their data will have a prefilled application for discount from last year's application, including updated data from insurance companies.