3 ms·
The property taxes must be too low then.
by agapon 8y ago
The property taxes must be too low then.
- village-idiot 8y agoI’m not sure what the nominal tax rates are in Greece, but the level of tax dodging in that country is famously high, I wouldn’t be surprised if effective property taxes are very low.
- onlyrealcuzzo 8y agoMichael Lewis in his book Boomerang details this hilariously: The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. I believe he said the effective tax rate is under 12%. RE tax he said basically nobody pays.