Published
Video length: 2 min
Real estate: property tax will increase in 2024
Real estate: property tax will increase in 2024
(France 2)
Property taxes will increase further for owners. At a minimum, it must increase by 3.9% in 2024, according to INSEE.
Bad news for the 34 million French owners. In 2024, their property taxes are expected to increase by at least 3.9%. Sometimes even more, since municipalities can adjust their rates. In Villeurbanne (Rhône), the property tax will increase by 10%. An explosion in tax that does not pass for some owners. “I feel like I’m just working to pay the bills.”, regrets a resident. Others, however, claim to be able to see the increase.
An increasingly expensive tax
Villeurbanne (Rhône), Nancy (Meurthe-et-Moselle), Molsheim (Bas-Rhin), Sceaux (Hauts-de-Seine) have announced increases in their property tax in 2024. Last year, the property tax had experienced a historic increase of at least 7.1%. This increase would be due to the elimination of the housing tax, according to the representative of the property owners. The property tax increases for each city will be known no later than April 15.
