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The property tax only concerns owners, although there were still 33 million of them paying it last year. This year again, they will have to pay in October.
So, to prepare for the payment of this tax, let’s see together everything you need to know. The amount to paythe increase expected in this new year or even the exemptions depending on the circumstancesit’s time to find out about property tax.
Property tax: operation and increase in the amount
The property tax on built properties applies to houses, apartments, premises and other real estate fixed to the ground and having the character of real buildings. For this year, owners have until midnight on October 20 to make online payments for their property taxes.. Automatic withdrawals from bank accounts will begin from October 25.
The amount of property tax has been increasing for several years. Unfortunately, in 2024, Owners should expect a further increase. This increase will be, at a minimum, 3.9%. At a minimum, because the municipalities can decide to increase the rates.
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In fact, the amount of property tax depends on the cadastral rental value of the property, as well as the rates voted by local authorities. This is why, depending on where you live, the increase can be much more significant. After last year’s minimal increase of 7.9%, this is a new blow for owners.
Property tax: reduce the amount or not pay it
Some owners may not pay property tax. In fact, it is possible to benefit from an exemption. But, for this, you must meet certain conditions. It depends, in fact, on your age, your possible disability or your personal resources.
This year, beneficiaries of the solidarity allowance for the elderly (Aspa), the supplementary disability allowance (ASI) and the allowance for disabled adults (AAH) are entitled to this exemptionIn addition, people aged over 75 on January 1 can also benefit from it.
It is crucial to respect a resource ceiling to be eligible for the full exemption. For example, a single person must have a reference tax income of less than 12,455 euros. Partial exemptions are also possible for owners over 65 (or disabled people) who do not meet all the conditions for a total exemption.thus allowing a tax reduction.
Don’t forget to pay
As with any other tax, the government sets a deadline for payments. You must make sure to pay on time. In fact, In case of non-payment of property tax, penalties apply.
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The Public Service reminds that a delay in payment results in a penalty of 10% of the tax due. It is therefore essential for owners to respect the deadlines in order to avoid these sanctions. In October, we also remind you that another property tax will affect certain peopleWe are talking about the TFE, the business property tax.
October is therefore shaping up to be a busy month for homeowners who run their own businesses. Especially since the TFE also increased last year.
