The property owners are against on the proposed legislation regarding increased rates of real estate property tax, which is considered by the government. That said by the President of the Association of Property Owners (KSIA) George Strovolidis before the House Committee of Finance. More specifically, the President of KSIA said that the Association supported the tax reform for a more simple and fair tax system in the taxation of propertysince 2007, but there was not any substantial progress on this issue.
Subsequently, Mr. Strovolidis referred to the huge problem that would arise if the increased rates remain and the owner will be charged additional times when the there is the new general valuation of properties. Also, the President of KSIA mentioned in the case of owners who hold properties without value they will be forced to pay increased amounts without to be able to afford it.