The entourage of the Ministry of Economy, Finance and Recovery of France has announced that it is considering limiting the increase in property tax in the face of the acceleration of inflation in recent months. Good news for owners, but which will not see the light of day for several months.
In recent weeks, at the checkout or at the pump, inflation has run rampant. At 5.2% in May, it could even reach 7% this fall, according to INSEE. But there is good news if you are an owner: the Minister of the Economy Bruno Le Maire plans to limit the increase in property tax, paid by around 30 million French people.
“Limiting the property tax is vital”
The property tax increases automatically according to inflation. “We are considering limiting the increase in the property tax, but it will not be for now,” says Bruno Le Maire’s entourage. For Pierre Hautus, of the Union of Independent Owners, this is excellent news. “Limiting the property tax is absolutely vital for many owners. This is why, moreover, we have brought proceedings against the city of Marseille, which is increasing its property tax by 16.5%, with 200 owners, owner-occupiers like landlords, who see their taxes explode and who are sometimes unable to meet this payment which becomes far too important in their annual and daily budget”, he maintains.
To benefit from it, you will have to wait since this measure should be part of the next finance bill, after the summer. It will therefore not be in the package of measures of the bill on purchasing power which will be examined in early July by the Council of Ministers.
The government had already taken measures to protect tenants against inflation with a blocking of rent increases at 3.5% over one year.