April 15 is the deadline set for municipalities to decide whether or not to increase the municipal property tax rate. So, will this local tax increase more than the minimum of 3.9% planned for 2024?
Suspense! By April 15, 2024, property owners in France will be informed of the potential increase in their property tax, which could exceed 3.9%. According to article 1518 bis of the General Tax Code, the cadastral values, serving as a basis for calculating this tax, change automatically each year according to inflation. This change is based on the variation in the harmonized consumer price index (HICP) between the months of November of the penultimate year and the previous year, measured by INSEE.
As the finance law for 2024 has not changed the calculation method, an increase of 3.9% is therefore planned. However, this increase is a minimum. The rates applied to cadastral values are determined by municipal councils, which must finalize their deliberations before April 15. Damien Robinet, national secretary at the Solidaires Public Finances union, recalls in an interview with the site thank you for the infothat municipalities can decide to increase these rates.
An increase of 10% Villeurbanne
In addition to the municipal rate, the public intermunicipal cooperation establishments (EPCI) to which a municipality belongs may impose an additional rate. The tax administration uses these rates, as well as information on the household and the size of the property, to calculate the property tax. A calculation that is difficult to understand.
In Villeurbanne (Rhne), the increases in the municipal rate will thus be 10% and 8.5% in Herblay-sur-Seine (Val-d’Oise), according to The Parisian. However, in 2023, most municipalities have maintained their rates, underlines Damien Robinet. If local rates stagnate, the only overall increase in your property tax in 2024 will be that linked to rental values. A recent MoneyVox survey revealed that several dozen municipalities had, conversely, managed to lower property taxes last year.
Increase in land tax: The problem is that it is the only lever for municipalities