REAL ESTATE TAX: HOW MUCH EUROPEAN RESIDENTS PAY

Real estate tax is levied on citizens in most countries of the world, while in some states there are additional fees - municipal, regional or federal, as well as taxes on the lease (and non-lease) of premises.

UNITED KINGDOM: up to 2%

To determine the property tax in the UK, there is a gradation of objects by class - there are eight of them from A to H, from inexpensive to expensive. A fixed amount of tax is established annually for each category of property by local self-government bodies, the basis for determining the tax is the costs actually incurred for the maintenance of the infrastructure of the districts.

The main disadvantage of real estate taxation in the UK is that the property is valued as of April 1, 1991. Changes that have taken place over more than a quarter of a century have led to the fact that for 320 thousand pounds (the extreme limit for class H) you can buy housing, which is considered average by modern standards, so property owners, with a value of this amount and much higher, pay the same income to the budget.

The amount of tax may be increased by the authorities by 25-50% if no one has lived in the apartment for two years. This measure is aimed at stimulating the rental market.

SWITZERLAND: up to 40%

Swiss citizens pay several types of taxes on their property at once.

Real estate is revalued to market value every year, based on this estimate, a net worth tax (wealth tax) is calculated at a rate of 0.1 - 1%. The second type of fees is directly the real estate tax (rate 0.05-0.3%), the basis for which is the cadastral value. The third type of payment is income tax on imputed rental income (a rate of up to 40% when summing cantonal and federal taxes), the base for which is determined as a hypothetical monetary benefit from the possible lease of this object minus the cost of mortgage and housing maintenance. Interestingly, in its meaning, the latter type of taxation is a kind of fee for not renting out housing.

AUSTRIA: up to 12%

The base for calculating real estate tax in Austria is determined by the regional tax authority, as a rule, it differs from the market value of the object downward. There are federal (up to 2%) and municipal (up to 10%) rates, respectively, the total amount of calculated tax can reach 12% of the base.

GERMANY: up to 3%

Real estate owners in Germany pay tax based on the assessed value of the property. The base for the calculation is multiplied by the federal tax rate (0.35%), increased by the municipal coefficient - 280-810%. Thus, the total burden is up to 3% of the assessment of housing

FRANCE: up to 22%

In France, there is a wealth tax (tax on net assets) in its form, calculated at a rate of 1.5% of the total value of real estate, reduced by 1.3 million euros.

The second fee - at a rate of up to 22%, half of the income possible from renting out a property is taxed. The amount that is hypothetically possible to receive from the rental of housing is set by local governments.

The third type of tax is a collection from tenants and users of housing at a rate of up to 22%.

It is worth noting that the owner who lives in his apartment pays all three of the above fees.

CZECH REPUBLIC: up to 2%

The calculation of the Czech real estate tax depends on the area of ​​housing, which is multiplied by a special multiplying factor (up to 1.22). Residential property owners are required to pay CZK 2-6 per square meter of living space and CZK 0.75 for each square meter of each floor of the building. The total amount of tax may be increased by 4.5 times, depending on the location of the taxable object.