The Greek government on Wednesday unveiled its plans for the introduction of a single property tax to replace the two existing different property taxes. The new property tax is designed to bring less money from more citizens and it is reduced by an average of 16 pct compared with the previous tax. The Finance ministry, in a statement, said that “the new tax is imposed per property and will contribute to expanding a tax base to all real estate property and through limiting tax breaks”.

Under the new plan, farmers will be called to pay taxes for their farm lands, although the ministry said that 90 pct of all farm land were included in the low tax level category (1.5-2.25 euros per stremma). Special social groups, such as unemployed, inabilities, families with more than three children and poor households, will be either exempted or will have significant tax cuts.