In Greece, Property Is Debt
Let&#x27;s get facts straight:<p>The state property tax in Greece is 0% for property up to €200K. Then 0.2 to 1% from €200K to €5M. Then 2% above €2M.<p>Property taxes are hardly killing the Greek economy and especially not for the poor or the middle class. On the contrary, Greeks are paying very little. The problem is that Greeks used to have much more property than for example Northern Europeans.<p>For comparison, in Denmark the property tax is 1% up to €406,961. Then 3% for values above that. In addition to this there is a local tax on land value, which is generally 1.6-3.4%.