Property tax will increase in certain cities in France: are you affected?

Property tax will increase in certain cities in France: are you affected?
Property tax will increase in certain cities in France: are you affected?

In 2024, owners will have to pay more in property tax due to the increase in the cadastral value. However, while most communities have decided not to increase property taxes, some cities have had a heavy hand in the increase. We take stock.

Some owners do better than others! Most communities have decided not to increase the property tax rate. However, if the municipalities are free to set the property tax rate, the latter is calculated from the cadastral value of a property. Indeed, to set the amount of the property tax, the tax administration defines a theoretical rental value (calculated according to the value and level of comfort of the property) and applies tax rates, namely that of the municipality and of intercommunality.

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The harmonized consumer price index (HCPI) is used to calculate the property tax rate. However, this index increased by 3.9% over one year in November, as revealed by INSEE last December. Result, the property tax will increase by minimum 3.9% in 2024 for owners. As a reminder, this tax had already increased by 2.2% in 2019, by 1.2% in 2020, by 0.2% in 2021 then by 3.4% in 2022 and by 7.1% in 2023.

Significant increases in certain cities

Despite this 3.9% increase, most owners can breathe since according to the FSL firm (specialist in financial information for local authorities), 81% of municipalities with more than 100,000 inhabitants have decided not to increase the property tax further. And 85% of municipalities with 40,000 to 100,000 inhabitants have made the same decision.

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However, some cities have decided to increase property taxes and bad news for property owners, this is not a slight increase. For example, for cities with more than 100,000 inhabitants, Nice increased its property tax by 15.8%, Saint Etienne by 14.1%, Nancy and Annecy increased it by 13.4%, Villeurbanne 9.8%, Montreuil by 5% and Saint-Denis-la-Réunion by 2.7%.

Property tax increases in these cities

18 cities with 40,000 to 100,000 inhabitants have also decided to increase the property tax, here is the list:

  • Saint-Priest +16%
  • Neuilly-sur-Seine +10%
  • Meaux +9%
  • Clichy-la-Garenne +9%
  • Le Cannet +8.8%
  • Rezé +7.7%
  • Gennevilliers +5.2%
  • Fontenay-sous-Bois +5%
  • Thionville +5%
  • Créteil +3.9%
  • Anglet +3.2%
  • Bayonne +3.1%
  • Anthony +3%
  • Rueil-Malmaison +3%
  • Bourg-en-Bresse +2.9%
  • Saint-Pierre +2.2%
  • Saint-Louis +1.4%
  • Poitiers +1%

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And if some cities have not increased the property tax, some have even decided to lower it! These are the following 5 cities: Brives-la-Gaillarde (-0.40%), Wattrelos (-0.40%), Tarbes (-0.60%), Castres (-1%) and Mantes-la -Pretty (-2.60%). If you want to know the rate of your property tax in your city, you can use the tool BFM IMMO, by following this link.

Passionate about women’s news, Agathe has been deciphering the latest trends for aufeminin since 2022. Her favorite areas? Psychology, nutrition and well-being advice, without forgetting the tips…

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