Property tax: nearly one in five large cities will increase it in 2023


Mayor LR of Cannes, president of the Association of Mayors of France, ensures that 81% of large cities will not touch their “property tax rate”.





By BL with AFP

Property tax is the last tax lever for local authorities.
© DENIS CHARLET / AFP

Ie glass half full or half empty. According to David Lisnard, president of the Association of Mayors of France (AMF), 19% of municipalities with more than 40,000 inhabitants will increase the property tax in 2023. And the Cannes elected to emphasize that it will be indexed to inflation for all of them. “There are 19% of municipalities [de plus de 40 000 habitants] which will increase their property tax rate, i.e. 81% of municipalities [de cette taille] which are not going to increase it, ”said the mayor LR of Cannes on Radio J.

This local tax is one of the only tax levers still available to mayors since the abolition of housing tax on main residences. The president of the AMF, however, acknowledged that “the land levy” will automatically increase in all municipalities “because it is readjusted by the amount of inflation”.

READ ALSOMoney – Property taxes: big increases

The increase in property taxes has given rise to controversies between the municipalities and the government, like in Paris where their 52% increase, wanted this year by the PS mayor Anne Hidalgo, was criticized by the ministers Clément Beaune and Gabriel Attal, who is credited with municipal ambitions in 2026. According to the National Union of Property Owners (Unpi), property tax as a whole (base and rate) increased by an average of 4.7% between 2021 and 2022 in the 200 largest cities in the country.

READ ALSOProperty tax: which cities have seen the biggest increase?




Source link -82