Steep Property Taxes: Departments Where Homeowners Face higher Tax Burdens
Unleashing the Property Tax Burden Across France: A Yearly Reality
📷 By Sabrina Guintini Published on
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This fiscal year, over 29.3 million tax notices invaded mailboxes across the country. Cast your memory back, this local tax—the Taxe Foncière—applies to property owners as of January 1st, and each autumn, they're faced with the bill. But as the General Directorate of Public Finances (DGFiP) reveals, not every bill bears the same weight.
Taxes in the Tantrum of Territories
According to data disclosed by the DGFiP and exposed by MoneyVox on the 6th of May, there's a vast disparity in the average property tax paid across departments. Residents of Mayotte and Seine-Saint-Denis cough up an eye-watering 3,646 euros and 3,642 euros, respectively. Both regions bear a resemblance—heavily concentrated ownership of multiple properties raises the average amount owed. Following closely are the Val-de-Marne (2,949 euros), French Guiana (2,931 euros), and Essonne (2,767 euros). With no exception, all of the twelve departments at the top of the heaviest property tax list belong to Ile-de-France or Overseas regions.
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On the flipside, some regions won't drain your bank account like a sieve. Residents in Creuse (1,036 euros), Vendée (1,038 euros), and Haute-Corse (1,082 euros) can catch their breath—the owners in these departments shell out the least amount of property tax. While some departments experienced drastic increases last year (up to +41% in Paris between 2022 and 2023), this year's trend shows a tamer approach. The cadastral rental values, used as a basis for calculation, increased only by 3.9%, as compared to 7.1% in 2023. However, certain regions buck the trend by experiencing a significant surge. For instance, the Alpes-Maritimes saw an increase of 8.62%, with an average of 1,713 euros, followed by Mayotte (+7.58%) and Meurthe-et-Moselle (+7.47%) in the club of the strongest increases.
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Around this article
- Taxe Foncière
- Local taxes
- Property tax
- Ownership
- In 2024, over 29.3 million property tax notices are expected to be issued, a reality many French residents face each year.
- The average property tax paid across France varies greatly, with residents of Mayotte and Seine-Saint-Denis paying the highest at around 3,646 euros and 3,642 euros, respectively.
- On the other hand, owners in Creuse, Vendée, and Haute-Corse pay the least, with an average of 1,036 euros, 1,038 euros, and 1,082 euros, respectively.
- Businesses involved in real-estate investing might find the latest trends in property tax interesting, as the cadastral rental values, used as a basis for calculation, have only increased by 3.9% this year compared to 7.1% in 2023.
- However, some regions, such as the Alpes-Maritimes, have seen significant surges, with an increase of 8.62% and an average of 1,713 euros, while Paris experienced a more modest increase of up to +41% between 2022 and 2023.
