Monday, 22 October 2012

Property Tax payment time in France again

Just received an enewsletter from The Riviera Times who are reminding residents (and non residents with a property in France) that It's time to pay those property taxes.

They go onto say "At the end of this month, the deadline for paying land tax (taxe foncière) will have been reached, while the tax d'habitation won't be too far off."

"The taxe d'habitation is a residence tax paid by the occupiers of a property, or by the owner if it is rented out long-term, that must be paid by all residents and non-residents of France, while the taxe foncière is a land tax that is only applicable to all property owners. And together, they can add up to a few thousand euros each year, depending on the size of the property and the area in which it is located."

Taxe Foncière - Property Ownership TaxThis tax is an annual property ownership tax imposed on the owner, whether or not the property is actually occupied by them, or rented out.
The tax is levied for the year in which it is imposed and payable by the person(s) owning the property on 1st January of that year.  The tax goes towards the funding of local services by the commune, inter-communal and departmental councils. Source for this paragraph - French Property Com.

No doubt the French Government thinks this is a better time of year to collect these taxes rather than after Christmas when the family's budget has been spent!

If you own a property in France - Main Residence - Sceond Home - Holiday home rental and are looking for insurance (and the policy written in English) then take a look at this page at the JML Property Insurance Website

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