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French Property Taxes Continue To Rise

by Ulrika Lomas, Tax-News.com, Brussels

21 October 2016


Local property tax (Taxe Fonciere) in France increased by almost 15 percent on average from 2010 to 2015, according to the French association of landlords, UNPI.

The local property tax is paid annually by property owners in France regardless of whether the property is owner-occupied, rented out or empty. Communal, inter-communal and departmental elements make up the tax, and revenues are used to fund local services.

According to UNPI's latest local property report, the Taxe Foncière increased by an average 14.7 percent across the country in the five-year period under review.

The overseas department of Guyana had the highest local property tax in 2015, at just under 33 percent. The departments of Gers, Aisne, and Aude also local property taxes in excess of 30 percent.

At the other end of the scale, Paris applied the lowest tax last year at 5.13 percent, with Hauts-de-Seine (7.08 percent) and Yvelines (7.58 percent) the only other departments with local property tax of less than 10 percent.

The average local property tax rate was 19 percent last year, says the report.

The property tax increased by over 20 percent during the five year period to 2015 in four major cities, including Angers (20.94 percent), Clermont-Ferrand (20.57 percent), Lyon (20.34 percent), and Créteil (20.14 percent).

The one consolation for property owners however is that the overall rise was slower than the period from 2007 to 2012, when the local property tax increased by 21 percent on average, according to UNPI.

TAGS: tax | property tax | France | Guyana | services | Tax

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