Transfer duties for valuable consideration, an indirect tax on notary fees, will increase by 0.5 points in the Lyon Metropolis in 2025. The community hopes to bring in a little less than 17 million euros into the coffers.
“Compared to the 100,000 million euros in savings requested, this is nothing.” In the corridors of the Hôtel de Métropole in Lyon, the possibility offered by Michel Barnier to the departments to increase transfer taxes for payment by 0.5 points (DMTO) did not really bring back a smile. The 15 November, and in particular in the face of the discontent of local authorities linked to the budgetary efforts requested by the State, the Prime Minister announced that the departments wishing to do so will be able to increase, from 2025, the DMTO, which represents between 15 and 20% of their revenues. .
€1,500 in additional costs on a property worth €300,000
The Metropolis of Lyon, like all the communities concerned, is indeed paying a heavy price for the slowdown in the market. On each transaction in the old property, a tiny part, the transfer rights for consideration, is returned to the community. But, “since 2022, we have lost 200 million euros”, Bertrand Artigny, vice-president in charge of finance, explained to Lyon Capitale.
The community led by Bruno Bernard grabs the ball and jumps, and will increase this indirect tax from 2025. Thus, for an old property worth €300,000, the additional costs for a buyer will amount to around €1,500. For a property worth €600,000, the bill could increase by €3,000, bringing the total costs to almost €50,000. The Métropole de Lyon thus indicates to Lyon Capital having quantified this measure at 17 million euros in additional revenue over a full year. In 2025, however, revenues will be less significant since the budget should only be voted on in March. We can therefore estimate the expected gain at around €12,750,000 in 2025.
No upheaval on current budgetary decisions
Initially, the departments requested the possibility of increasing the DMTO by one point. “It's better than nothing, but the impact is really marginal” sums up those around the environmentalist president Bruno Bernard. No new more expensive budgetary decisions are therefore planned, especially since the efforts made by each delegation to reduce its operating budget, sometimes up to 15% for 2025, had been initiated even before the announcement of a plan to reduce state spending, which is further drying up communities.
“The envelope we are looking for is between 50 and 70 million euros to compare with our total budget which is 3.8 billion euros.“, indicated Bertrand Artigny in Lyon Capitalbefore the economic plan planned by the government hits the Metropolis, which estimates the additional effort to be made at 100,000 million euros.
Read also: Public finances: Lyon communities on a lean regime
