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French Property Union Slams 'Worrying' Land Tax Rise

by Ulrika Lomas, Tax-News.com, Brussels

15 October 2012


President of the national union of property owners in France (UNPI) Jean Perrin has recently unveiled details of the body’s latest study into the recent history of land taxes imposed on developed property, covering over 36,000 communes in France.

UNPI’s study shows that between 2006 and 2011, land tax increased by on average 21% across the whole of France.

According to UNPI, this excessive rise is due to both the rise in the tax rates adopted by local authorities in France and to the annual increase in cadastral values, the base of the tax, within the framework of the country’s finance law. The body notes that cadastral values rose by over 9% in the five years in question.

The union reveals that regional and departmental land tax contributions increased by almost 25% between 2006 and 2011, while communal and inter-communal contributions rose by more than 18%.

Among the fifty large towns and cities in France, Paris showed the highest rise in land tax between 2006 and 2011 (+67.90%). Land tax rose in those five years by over 30% in three other towns, namely Argenteuil (+34.79%), Nantes (+30.64%), and Saint-Denis (+30.15%).

In contrast, some large towns in France recorded tax rises below the average, as in Toulouse (+18.42%), Marseille (+15.34%), Lyon (+15.11%), Strasbourg and Bordeaux (+14%). The weakest rises were recorded in Aix-en-Provence (+10.44%), Reims (+10.49%), Nîmes (+11.34%) and Orléans (+11.98%).

Denouncing this “worrying increase” in land tax, which is weighing increasingly on the budget of property owners in France, UNPI has called for land tax rates to be frozen.

The union has also advocated that any increase in revenues from the tax result merely from either the legal and annual rise in cadastral values, which, it warns must not exceed inflation, or from a natural expansion of the tax bases.

TAGS: tax | investment | real-estate investment | property tax | law | real-estate | budget | tax rates | France | inflation

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