While property taxes are increasing everywhere by at least 3.9% due to inflation, some municipalities have voted for additional increases this year. Here are the ones where property owners are being taxed the hardest.
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– Despite the decline in inflation, property tax is increasing again this year.
This is the bad news of the start of the school year for many property owners. While the General Directorate of Public Finances (DGFIP) is currently sending out property tax notices, some are discovering a substantial increase in their tax rate. Like in Nice, where property owners will be taxed at 35.3% in 2024. That is an increase of 19.2% compared to last year. Or in Saint-Etienne, where the rate is rising by 15%, with owners of apartments or houses now being taxed at 44.68%.
And even more blatant increases were voted by smaller municipalities. In Sommières, in the Gard, the property tax rate has skyrocketed by 40.9%: owners are now taxed at 70.87% for the year 2024 instead of 50.30% in 2023. But it is the city of Lanarce, in Ardèche, which voted for the largest increase in the rate: taxpayers are now taxed at 38.82% for the year 2024 instead of 25.64% in 2023. That is an increase of 51.40% in one year. In all, no less than 16% of French municipalities have voted for increases in the property tax rate on built properties, according to statistics from the Directorate of Local Authorities.
Conversely, some municipalities have either maintained their rate or voted for reductions for this year. After doubling the property tax rate in 2023, Paris City Hall, for example, did not vote for a new increase this year. The rate therefore remains set at 20.5% for 2024. Other municipalities have voted for rate reductions, such as Barcugnan in Gers (-8.16%), but also Thérondels in Aveyron (-8.46%).
A general increase of 3.9%
However, even if your municipality has maintained or even lowered its rate, apartment owners will suffer a 3.9% increase in property tax throughout France. A direct consequence of inflation, which is taken into account in the calculation of the revaluation of cadastral rental values, carried out using the harmonized consumer price index (HICP) published by INSEE in December 2023.
The tax administration is sending property tax notices as a priority to taxpayers who have not paid monthly. They must pay their tax before October 20. Tax notices for owners who have already paid monthly will be available by the end of September in their personal space on the impots.gouv website.
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