GLOSSARY / TAX VALUES

Objective value: the tax basis is not the market price.

Greek objective property values form part of an official administrative valuation framework used for certain taxation and related purposes. They are a different measurement from asking prices, historical transfers or a certified appraisal.

01 / DEFINITION

What objective value means.

The government uses prescribed valuation parameters and location-specific rules to establish an objective value for applicable administrative purposes. The amount can differ materially from negotiated market prices.

02 / USE

Where it can affect a buyer.

Objective value may be relevant when calculating the applicable tax base or considering other official property obligations. A lawyer, notary or tax adviser should confirm the current rule for the exact transaction.

03 / MISCONCEPTION

Why it is not an asking-price benchmark.

An objective value is not an offer from a buyer, a current property listing or direct proof of a completed sale.

Comparing an asking price mechanically to objective value does not by itself show a discount or overpricing.

04 / OUR REPORT

How it appears in our research.

Where identifiable and relevant, the objective-value context is explicitly labelled as tax and administrative information, not market value or appraisal.

Tax obligations should be confirmed using the applicable current rules and the exact property facts.
Objective value: the tax basis is not the market price. | The Greek Property Report