French Property Tax Surges 33% Over Decade
The rise in property tax is attributed mainly to increased rental values and the removal of the housing tax.
- The property tax in France has increased by an average of 32.9% from 2013 to 2023, impacting homeowners significantly.
- Paris experienced an 83% rise in property tax over the last ten years, the highest among major French cities.
- The inflation of rental values, which rose by 14.8% between 2018 and 2023, is a major factor driving the tax increase.
- The removal of the housing tax on primary residences has led many municipalities to raise property tax rates.
- The Union Nationale des Propriétaires Immobiliers calls the tax rise disproportionate compared to a 19% inflation rate and proposes measures to mitigate its impact.