The property damage from the Iranian attack on October 1 is proving extensive. The Property Tax Authority estimates civilian property damage at $40-$53 million, marking the most severe damage from a single missile attack on Israel since the war began.
Significant damage occurred at about ten impact sites, including several military bases. One Palestinian from Gaza, who was in the West Bank city of Jericho was killed by shrapnel from a rocket fired to intercept the incoming Iranian missiles.
The Tax Authority also said that damage from the missile strike to a high-end, sea-side housing project in north Tel Aviv alone was estimated at over $13 million including damage to some 150 apartments, a luxury restaurant and shops.
A source told Ynet that if the missile had made a direct hit on the buildings housing 250 apartments, there would undoubtedly have been many casualties. However, there were no injuries in the attack and most residents and guests of the nearby restaurants and hotel managed to reach shelters or secure rooms.
One of the impact sites was the city of Hod Hasharon, north of Tel Aviv where about 100 apartments were damaged. In one building alone, the damages are estimated at over 10 million shekels.
The direct damage to property from missile and drone fire from Lebanon and Iran is currently estimated at $400 million. This excludes damage within military bases or facilities, so there is no information on the value of the damage caused in these specific places. Those are addressed by the military from the Ministry of Defense's budget.
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