Greek inheritance tax on property — how the value is set
Last updated: July 2026 · Ελληνικά
When the estate includes real estate, the tax base is not the market price but the objective value — the amount produced by the tax authority's official tables for the area and features of the property.
Objective, not market, value
Inheritance tax on property is calculated on its objective value, as produced by AADE's objective-value system. It is often lower than the actual market price, which reduces the tax compared with what one might expect.
When tax is actually due
Once the objective value of each heir's share is set, their category's tax-free amount is deducted and — if it is the home they will live in — possibly the primary-residence exemption. Tax arises only on the amount that remains.
Frequently asked questions
Is the tax calculated on the property's purchase price?
No — on the objective value, as set by the tax authority's tables. That's why two properties with the same market price can have a different tax base.
I'm inheriting a flat — how do I know how much tax I'll pay?
You need the flat's objective value (the notary/accountant finds it), your share, the kinship and any primary-residence exemption. The calculator gives an indicative estimate for the share.
Do I pay tax on the primary residence too?
Possibly not — subject to conditions, a primary-residence exemption applies up to certain value limits per beneficiary. See the separate article for the terms.
Procedures and details may change — confirm the steps with the responsible authority. This guide provides practical guidance, not legal advice.
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