The burden of taxation does not rest only on income tax. Local taxes also weigh on household budgets. And particularly the property tax, the amount of which has exploded for several years. Except for certain exempt owners, many of whom are retirees aged 65 or over.
Let us first recall the obvious: property tax is owed by all people who own real estate, whatever the nature of this property, whether it is a house, an apartment, a land or commercial premises. As with the housing tax, it is the situation on January 1 of the tax year which is taken into account by the tax administration. Let us also remember that the amount of the property tax depends on the quality of the property, and in particular its surface area, equipment, etc. It is obvious that a large house with a swimming pool will be taxed more than a studio in the city.
Taxpayers will receive their property tax notice at the end of the summer. However, some owners may benefit from relief in 2024, or even total exemption. First category concerned: holders of Aspa (solidarity allowance for the elderly) or supplementary disability allowance, regardless of the amount of their income.
People aged over 75 can also benefit from a property tax exemption but only if the reference tax income does not exceed certain ceilings. And subject to respecting these same ceilings, owners aged 65 to 75 are entitled to a (modest) reduction of €100. With one important clarification: in couples, the age condition can only be met by one of the spouses.
These ceilings naturally take into account the composition of the tax household and more precisely the number of family quotient shares. To be exempt from property tax in 2024, the reference tax income (RFR) for 2023 calculated from the income tax declaration sent this spring must not exceed €12,455 for the first part plus €3,326 for each half- additional share. A retired couple will therefore be able to benefit from a reduction or exemption if their RFR does not exceed €19,107.
You just need to have already submitted your income tax return this spring to know whether or not you meet this resource condition. Once this has been sent, it is in fact possible to consult the notice of your income tax declaration situation, on which the reference tax income for 2023 is indicated. The taxpayer can download this document from his or her private area of the tax site after sending your tax return. He then only has to compare his RFR with the new property tax exemption or relief ceilings updated for 2024.
