While property owners will receive their 2023 property tax notice between the end of August and mid-September, the loan broker Meilleurtaux has analyzed for the year 2022 the weight of this local tax in the credit repayments of buyers. *. A charge that turns out to be significant depending on the city. And the note will be even saltier in 2023.
Grenoble: a weight that will increase in 2023
In 2022, property tax cost Grenoble owners an average of €134 per month, to which must be added a monthly loan payment of €1,168. The weight of this tax represents 1.3 more monthly credit payments.
“The rise in interest rates since the spring of 2022 has clearly contributed to increasing the monthly bill, underlines Maël Bernier, director of communications and spokesperson for Meilleurtaux, when you add to that the property tax which continues to increase. increase, it is clear that the bill is getting heavier every year for owners, and it will obviously be worse in 2023. “
Indeed, due to the indexing of the property tax to inflation, many cities will experience spectacular increases at the end of the year, such as in Grenoble where the property tax will increase by 24.4%.
Paris, Lyon, Nice, Strasbourg: a relative weight in the face of high real estate prices
In some cities, the property tax remains at low amounts, but the cost of monthly loan payments is very heavy. This is the case for buyers in Paris, Lyon and Nice. In Paris, the property tax in 2022 was barely €770, i.e. a monthly amount that represents €64. However, the monthly installment of the bank loan amounts to €4,511. Thus, the property tax represents the equivalent of 0.4 monthly installments of credit.
For a Lyon owner, the property tax represents only €80 more per month, increasing the amount of the monthly payment from €2,218 to €2,298 per month, property tax included, i.e. the equivalent of 0.4 monthly payment of credit. In Strasbourg, the monthly loan payment amounts to €1,627 and the property tax costs €92 per month, or 0.7 additional monthly loan payments. While in Nantes, Nîmes, Montpellier or Bordeaux, the property tax represents around 140 € more per month.
“With such high property prices, the weight of the property tax ultimately represents a trifle, compared to what is paid for the credit as such”, analyzes Maël Bernier.
Nîmes, Saint-Étienne: the equivalent of two additional monthly loan payments
In 2022, property tax cost an average of €111 per month in the largest French cities (compared to €105 in 2021). In sharp increase since 2018, this local tax can represent up to two additional monthly payments in certain cities.
This is the case in Nîmes where an owner must repay €847 of credit per month and pay an average of €1,674 in property tax in 2022 (i.e. the equivalent of two additional monthly loan payments) and in Saint-Étienne where he must repay €621 per month for his credit and pay an average of €1,179 in property tax (i.e. 1.9 more monthly payments).
Le Havre, Dijon: one and a half monthly payments more
In Le Havre, an owner must repay €1,004 of credit every month and in addition €1,533 for the 2022 property tax, i.e. the equivalent of 1.5 additional monthly payments.
An owner in Dijon must repay €1,136 in credit every month and in addition €1,571 for property tax, which represents one and a half monthly payments more.
* The calculation is made for a property of 70 m² (average price per city) financed at the average credit rate of 3.40% over 20 years (source: Meilleurtaux in July 2023), with the average amounts of the 2022 property tax for a couple with two children
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