Property tax in Paris will increase by more than 50 % in 2023, announces Anne Hidalgo

The tax rate will drop from 13.5 % to 20.5 % in 2023. A total exemption is planned for the owners engaged in the thermal renovation of their property and those “encountering economic difficulties”, said the Mayor of the capital.

Le Monde with AFP

Faced with a difficult budgetary situation, the mayor of Paris, Anne Hidalgo, decided to increase the 52 %property tax, renouncing her campaign promise not to increase taxes, according to A letter that she published Monday November 7.

The tax rate of the property tax will therefore go from 13.5 % to 20.5 % in 2023, except for owners who will engage in the thermal renovation of their apartment and those “encountering economic difficulties” , in particular holders of solidarity allowances or losses over 75 years (subject to resources), said the elected socialist. These two categories will benefit from total exemption.

For the others, an owner of a 50 square meters will see his property tax go from 438 to 665 euros on average, and that of a square 75 meters of 576 to 874 euros, according to figures communicated by the city. The property tax “is today in Paris the lowest in France, at 13.5 % against 41.61 % on average in major French cities, and it has not increased since 2011,” said Anne Hidalgo .

additional revenue of 586 million euros in 2023

The capital has 2.1 million inhabitants but only 32 % of owners, a percentage there so lower than that of other cities, underlined the first deputy of the mayor of Paris, Emmanuel Grégoire, during a point Press, recognizing “a very important effort” for the taxpayers concerned. “We had said, during the campaign [of the municipal elections in 2020], that we would not increase taxes,” admitted the elected socialist, “but it has happened for many things: the COVVID crisis, the Ukrainian crisis, the energy crisis (…), systemic crises that are long-term “.

This decision “will make it possible to maintain a high quality of our public services, to continue to invest in housing, in the ecological transition, in the maintenance and modernization of our heritage and our equipment, in the embellishment of Our streets and our gardens, “said M me

é> hidalgo, which provides 1.7 billion investment for 2023.

This increase must provide the city with a revenue of 586 million in 2023, anticipates the finance assistant, Paul Simondon. According to this other elected socialist, the city will no longer take in 2023 only 514 million against 860 this year, and the outstanding its debt should be around 8 billion euros.

the government And the opposition castigate city management

Since the 2020 health crisis, Anne Hidalgo denounces the lack of financial support from the State to cities, in particular his own. During the budgetary examination, the government “refused to examine the amendments” aimed in particular to increase the tourist tax for luxury hotels and palaces, she writes, which makes it not ” other choice “than to note this local tax.

“As often with Ms. Hidalgo, the state has a good back”, replied before the press the Minister of Public Accounts, Gabriel Attal, for whom “the State strongly accompanied the city of Paris”. But he cannot “fill the management problems of the city of Paris” and his “absence of structural reforms”, he added, castigating the fact that there are “more civil servants in the city of Paris only in the European Commission, civil servants who are still not at 35 hours “.

The opposition Les Républicains, led by Rachida Dati, denounced in a press release a city “in bankruptcy” with an “explosion of the Parisian debt” , which, according to her, reaches 10 billion euros.

/Media reports.