“The direct damage is now estimated at no less than NIS 4 billion ($1.1 billion), and the indirect damage, which has yet to be calculated, will amount to several billion more,” Tax Authority Director Shay Aharonovich said.
Major institutions, including the Weizmann Institute of Science and Soroka Medical Center, suffered heavy losses, while many businesses were forced into prolonged shutdowns, he added.
Israel launched the 12-day air campaign against Iran in June, with brief support from the United States, targeting nuclear sites and killing senior military officials and nuclear scientists. The strikes crippled much of Iran’s air defense network and damaged a significant portion of its ballistic missile arsenal, Israel said.
Property losses made up the bulk of claims. Of 41,962 filings for damaged structures, 36,928 involved private residences, with hundreds of homes completely destroyed.
The state will have to fund alternative housing for displaced families until rebuilding can be completed, a process expected to take months if not years, officials said.
The commercial sector was also hit hard. Businesses filed 5,108 claims, including hundreds of shops and offices destroyed beyond repair. Vehicle damage reached unprecedented levels, with at least 5,400 cars damaged or destroyed.
9,803 claims were submitted through a fast-track process, while 28,129 direct-damage claims were processed within two months, according to the authority.
So far, the Property Tax Compensation Fund has paid out NIS 1.6 billion ($430 million) for direct damages.
Claims for indirect losses, such as business interruptions, nearly doubled direct claims, reaching 98,569 in just under two weeks of fighting. About 60,000 of these have already been processed, with NIS 1 billion ($270 million) in partial compensation paid.
Officials cautioned that the final tally—factoring in both direct and indirect damages—will end up several times higher than the current estimates, underscoring the unprecedented financial cost of Operation Rising Lion.