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Property tax will rise drastically as early as 2023 – which state will be hit hardest

2023-01-08T04:07:27.696Z


Property tax will rise drastically as early as 2023 – which state will be hit hardest Created: 2023-01-08 04:49 By: Lisa Mayerhofer The property tax burden will increase by up to 20 percent in 2023, according to the Haus & Grund owners’ association. In one federal state in particular, the municipalities increase the assessment rates. Munich – The new property tax will apply from 2025 – but as


Property tax will rise drastically as early as 2023 – which state will be hit hardest

Created: 2023-01-08 04:49

By: Lisa Mayerhofer

The property tax burden will increase by up to 20 percent in 2023, according to the Haus & Grund owners’ association.

In one federal state in particular, the municipalities increase the assessment rates.

Munich – The new property tax will apply from 2025 – but as early as next year many owners will see an unpleasant change as a result of the reform: Property tax will be more expensive in some regions in 2023, and significantly so.

According to the Haus & Grund owners' association, the property tax burden will even increase by up to 20 percent in the coming year.

Property tax will already rise in 2023: millions of citizens will be affected by a higher burden – assessment rates will rise in some cases

According to estimates by the Haus & Grund owners' association, the property tax burden will increase by up to 20 percent in the coming year.

(Iconic image) © Soeren Stache/dpa

"Up and down the country, municipalities are raising the rates for property tax," said Association President Kai Warnecke of the

Bild

newspaper.

As a result, the property tax burden for owners and tenants increases by ten to 20 percent.

Millions of Germans are affected.

Warnecke criticized the fact that many municipalities had already increased their assessment rates before the property tax reform planned for 2025.

“The increases are transparent: they will take place in good time before the major property tax reform of 2025.

Then the communities are fine and can declare that they will not raise any further, ”Warnecke told the newspaper.

Higher property tax is emerging in many federal states: North Rhine-Westphalia is particularly affected

North Rhine-Westphalia is particularly affected.

It could be there

Extensive increases are coming, the taxpayers' association explains to

focus.de

: "In a good 60 percent of all NRW cities and municipalities, property tax could become more expensive next year," the federal government warns, according to the news portal.

The reason: North Rhine-Westphalia's state parliament passed the Municipal Financing Act 2023 on December 20th, which makes extensive increases possible.

According to focus.de

, there are also signs of increases in communities in Rhineland-Palatinate and Hesse, as well as Lower Saxony and Mecklenburg-Western Pomerania

.

The other federal states such as Bavaria, Hamburg or Baden-Württemberg have not yet announced any significant property tax increases.

With material from the AFP

Source: merkur

All news articles on 2023-01-08

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