Starting in 2025, ENFIA bills will be issued earlier than usual, reaching approximately 7 million property owners by late February, with the tax to be payable in 12 monthly installments, beginning in March. While most homeowners won’t see changes in their tax amounts, a substantial number will benefit from new discounts.

The most notable change is the doubling of the ENFIA discount for insured properties. Homeowners who have insured their properties against natural disasters, such as earthquakes, fires, and floods are eligible to receive up to a 20% reduction in their ENFIA tax, up from the previous 10%. This maximum discount applies to properties valued up to €500,000. Properties valued over this threshold will maintain the existing 10% discount.

To qualify for these discounts, properties must be insured against all three types of natural disasters mentioned, and the insurance must cover at least three months of the previous year. It is also important to keep in mind that properties whose insurance coverage spans less than 90 days within the same year are not eligible for the discount. Another parameter to note is that the discount is proportional to the duration of insurance coverage. Homeowners should also be aware that come April 2025, uninsured high-value properties will no longer be eligible for state compensation in case of natural disasters.

These measures reflect the government’s strategy to shift some of the financial burden of natural disaster recovery from the state to private insurance, while simultaneously providing incentives for property owners to protect their assets. The changes also aim to create a more resilient property market and reduce the potential fiscal impact of natural disasters on the Greek economy.