Greece: Property Tax and Objective Values

An update from Kathimerini by Prokopis Hatzinikolaou and Nikos Roussanoglou:

"Property tax will continue to be based on present-day values until early 2016 even though these are far higher than going market rates, according to a document signed by Finance Minister Gikas Hardouvelis and forwarded to Parliament on Monday. The reason is that it will take around a-year-and-a half for a new system allowing the automatic adjustment of so-called objective values to become operational"