Property tax: a tax on the rise for ten years

Property tax: a tax on the rise for ten years

The property tax weighs more and more heavily in the budget of the 58% of French owners of their housing. In 10 years, the tax has increased by 31.4% on average, six times more than the increase in rents.

Property tax: a tax that has been increasing for ten years

Like many French people, Hervé and Dominique have to pay their property tax, which continues to increase over the years. The couple have owned a house in Orléans (Loiret) since 2008. In 10 years, their tax has increased by 1,050 euros. This represents an increase of 39%. “It hurts, you have to work harder to pay taxes and maintain a certain standard of living”, deplores Dominique. The city of Orleans is not the only one to see its property tax jump: 33% in Nantes (Loire-Atlantique), 37% in Lille (North) and even 43% in Saint-Denis (Seine-Saint-Denis) .

An increase three times greater than inflation

To define this local tax, it is the rental value of the property that counts. Then applies a rate defined by the municipality, the intercommunality and the department. These two parameters have changed considerably in recent years. “Today we have an increase in property taxes over the last five years which is six times the amount of rents and three times the amount of inflation”, explains Pierre Hautus, Director General of the National Union of Property Owners.