Presenting its third report on land taxes, President of the French property owners union ‘l’Union nationale de la propriété’ (UNPI) Jean Perrin revealed that land tax has risen sharply in France over the last five years, and predicted further dramatic increases in the coming years.
According to the latest UNPI findings, the amount of land tax, imposed on developed property between 2003 and 2008, has risen by 37%, equating to an average rise for an individual household of EUR1,120.
UNPI President Perrin expressed fears of a continued increase in land tax in future years, due to a notable reduction in local authority tax revenue – a direct result of the property market decline linked to the global economic downturn – compounded by increased local authority debt and dwindling state contributions.
Consequently, the UNPI is calling for measures to limit the additional burden placed on property owners, urging the government to cap compulsory charges levied on property, to link land tax increases to the consumer price index, and to enable local authorities to fix low local tax rates in a bid to become more competitive.
Land tax in France varies considerably from one region to the next, as it comprises three independent and widely varying elements: a regional, a departmental, and a local tax.
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