Property tax is increasing in all major French cities. The result of a revaluation decided at the national level and higher tax rates voted by certain municipalities.
Posted on 08/30/2023 06:02
Update on 08/30/2023 06:02
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It’s D-Day. Wednesday August 30 marks the start of the posting of the first property tax notices for the year 2023. And the bill promises to be steep for owners. In question: the inflation which affects the whole of the national territory, but also increases decided by certain municipalities. Franceinfo publishes the list of increases expected in the 191 largest French cities, thanks to data compiled by the firm Finances et Stratégies locales (PDF link).--
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It shows that the property tax increases in all cities with more than 40,000 inhabitants. Each year, part of the increase in this tax is determined according to inflation. In 2023, this revaluation of cadastral rental values reaches 7.1%: its largest increase since 1986, according to the National Union of Property Owners (UNPI), as reported Le Figaro.
But this element is not the only one to vary property tax. LMunicipalities can also modify the tax rate of their constituents. In 80% of large cities, it has not increased. In these communities, only the 7.1% increase will therefore be applied. A small minority (3%) even decided to lower their tax rate. This is the case of Compiègne (Oise), where the increase in property tax should be contained around 6%.
The remaining large cities (17%) have, on the contrary, chosen to increase it, with sometimes very significant increases. The result gives a property tax which explodes in Grenoble (+31.5%), in Meudon (+42.2%) and especially in Paris (+59%).
To achieve these results, franceinfo added the local tax rate to that decided by the State. It is therefore an estimate.