Property tax notices arrive with a minimum increase of 3.9%

The 33 million French property owners are about to receive their property tax notice and for 2024, it will cost even more.

Property tax is calculated on rental values ​​indexed to inflation for the previous year, i.e. 2023. However, inflation was high. In fact, property taxes will increase at a minimum, regardless of where the property is located in the territory. The increase, automatic, will be 3.9%. This is better than the previous year, when property tax was based on inflation for 2022, when it was at its highest. The revaluation of property tax was then 7.1%.

Around 4% this year, this is the national, systematic increase set by the State, unless the municipality where the property is located has voted one for 2024. Mayors can also decide to increase property tax. In 2023, some have not held back with a 52% increase in Paris and 25% in Grenoble.

The elected officials explained that they had to find money to cope with the increase in prices, particularly energy prices. Some also assured that it was necessary to compensate for the loss of resources due to the abolition of the housing tax, which the government has nevertheless compensated.

For the year 2024 and, according to the annual survey by the Finances et stratégie locales research firm, 81% of large cities have maintained the same rates as in 2023 or have chosen not to go beyond the 3.9% set by the State.

The prize for the increase this year goes to the city of Nice, where the increase will reach 19%. The increase will be 16% in Saint-Priest, 14% in Saint-Étienne, 9% in Meaux and 3% in Bayonne. As a reminder, the property tax must be paid before mid-October.