OPINION

Objective property tax

Greek authorities have notoriously failed to crack down on individuals who systematically avoid paying taxes and social security contributions. True to form, Greek politicians have instead resorted to their bad old habits: The state mechanism is digging deep into the pockets of its law-abiding citizens to make up for the lost revenues.

This state theft, as it were, comes in many different forms. One of these is known as objective property values. Used for tax purposes, the country’s objective property values are totally out of sync with market values as these have been shaped in the wake of Greece’s six-year recession.

It should come as no surprise when Greek citizens, already hit hard by the consequences of a brutal financial crisis, will resort to all available political and legal means in a bid to stop the government’s games with objective property values.