A council tax is a tax imposed by Local authorities on People inhibiting a particular place or house. The amount for council tax may vary depending on the number of people you have leaving in your house and as well another contributing factor.
The council tax imposed on people does also vary from place to place, state to state, and between countries as well. So here in this article, we shall take a brief look at how much a council tax in France does cost its dwellers as we go further.
How much is Council Tax in France
In France, every homeowner is meant to pay two different taxes due which are the Taxe foncière and the Taxe D’habitation. The amount you pay on bother tax is totally dependent on the domestic dwellers that you have in your household.
A council tax in France will uniformly cost 20% of the total amount your house and property will generate in the national market. The location of your house and the size of your belongings does also determine the money you have to pay as council tax.
Is There French Property Tax for UK Residents
There is always a French property tax not only for UK residents but virtually all residents in France that owns a property. All UK residents do have to pay the tax for their belongings as stated by the law although there is noticeable variation between citizens and non-citizens.
UK residents in France will only have to pay half the tax imposed on all France citizens as their levy tax. They are required to pay a 7% tax when selling off their properties or renting them out, although pay once for sold properties but will have to repeatedly pay a tax for rented properties.
Do You Pay Rates on Property in France?
There are rates paid on every property by their owners in France and the amount paid may depend on the property in particular. There are virtually two types of tax levied on all homes and property owners in France which are tax foncière and the tax D’habitation.
The rates of property in France are different from the rates of property in the US. In France, you pay a tax for the land and construction.
The amount of taxes is determined by a rate per hectare. For example, if you bought an acre of land with a rate of 0.75%, then you would have to pay 75 euros per year for the land and construction tax on that acre.
The rates are different depending on what type of property it is: residential or commercial property, or agricultural property.
There are locations that generally are subjected to low levy rates regardless of the size of property you might have. In France, areas located close to the countryside do enjoy a low levy rate compared to those living in the very Heart of France itself.
What Are the Local Taxes in France?
Are you a property owner in France? Then the two most important Local taxes you will have to pay are the taxes foncière and the tax D’habitation. There are quite a handful of local levy in France on every property including your housing and the entire dwellers you have in the house.
In France, you pay tax for owning a property, pay tax for renting your property and as well pay tax for selling off your property. The size of the property and the location of the property will determine if you are to pay a low rate levy is stated by the regional government.
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What Are the Pitfalls of Buying a House in France?
Before buying and owning a property in France there are a lot of things that one needs to put into consideration. There are pitfalls to buying a house or owning a property in France which I shall show you shortly if only you will be patient enough.
Here are Some of the Pitfalls you need to avoid when buying a house in France:
- Avoid mere individual advice when buying a house in France.
- Avoid direct payments without your notaire.
- Ignoring the French inheritance law.
- Not estimating fees and tax.
- Not performing a survey.
Above is a list of pitfalls that can cause you to lose your entire property long as you choose to ignore them. There are policies Governing every country when it comes to owning a house or property, be sure to take full note before making any move.
Why Are French Houses So Cheap?
The French housing market is one of the most affordable housing markets in Europe. The low cost of living has attracted many international buyers to France.
France has a very low cost of living compared to other European countries. This means that French houses are cheaper than most countries in Europe.
One of the other major reason is the tax levy, urban houses in France calls for a higher tax and an expensive cost of living. This cause most dwellers to move back to the countryside for a higher and simple standard of living, leaving most of the urban houses empty and unoccupied.
France’s economy also benefits from the country’s proximity to other countries such as Germany, Belgium, and Spain, which allows them to have a competitive advantage over these countries.
There are plenty of empty houses in urban France with a lesser population occupying them compared to rural France. This has caused many houses in France to get stuck in the market for buyers making them a lot cheaper than they appear to be.
Conclusion
To own a house or Property of your own will cost you in France, renting them out will cost you and so also selling them off. Council tax cannot be escaped by both citizens and non-citizens of France long as you are a dweller governed under the law of France.
You can’t really say How Much a Council Tax in France will cost you, but just know that it depends on the size, location, and the number of domestic dwellers you have.