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No, this is 60% of the property tax, not the rental value. It's much less than rental value, and although quite interesting for the city of Paris (which should
by hbbio 10y ago
No, this is 60% of the property tax, not the rental value. It's much less than rental value, and although quite interesting for the city of Paris (which should net about $30M / year) it is nowhere close 60% of the rental value of those flats.
- djrogers 10y agoNo, the article clearly states it is 60% of rent: "Starting in 2015 the city elected to tax vacant homes the equivalent of 20% of the fair market value of rent. On January 30 this year, they decided to triple that amount to 60%. "
- Timshel 10y agoThe article is crap, the change is to the property tax (taxe d'habitation http://www.lemonde.fr/argent/article/2017/01/25/a-paris-la-surtaxe-sur-les-residences-secondaires-va-passer-de-20-a-60_5068843_1657007.html http://www.lemonde.fr/argent/article/2017/01/25/a-paris-la-s...). The property tax is really low in Paris, for a 200ke flat you'll pay less than 200e a year, so while it will bring more tax it will change nothing to the problem.