In France, the annual property tax is known as “taxe foncière.” This tax is paid by property owners and is based on the estimated rental value of the property. The taxe foncière is used to fund local services and infrastructure, such as roads, schools, and public services.
The amount of taxe foncière that property owners must pay varies depending on a number of factors, including the location, size, and condition of the property. Local authorities set their own tax rates, so the amount of taxe foncière can also vary from one region or municipality to another.
The taxe foncière is usually calculated as a percentage of the estimated rental value of the property. The tax rate can range from 0.1% to 2.5%, with an average rate of around 1% to 1.5%.
It is important to note that property owners in France may also be subject to other taxes, such as the “taxe d’habitation,” which is a local residence tax, and the “impôt sur la fortune immobilière,” which is a tax on real estate assets for individuals with a net worth above a certain threshold.
It is recommended that property owners in France consult with a tax professional or financial advisor who is familiar with French tax laws to ensure compliance with all applicable tax regulations.