Paris Deputy Mayor Proposes Tax Reform for Second Homes
The Paris deputy mayor for housing has called for changes to French property tax legislation to permit higher taxation on second homes within the capital.
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According to The Local, the official identified second homes as a primary issue for the city’s housing market. He has publicly stated his ambition to alter the current property tax system to allow for increased levies on these properties. The proposal aims to address housing availability challenges within Paris.
The deputy mayor described second homes as the enemy in his critique of the current housing climate. He is now advocating for new national tax laws that would grant the city greater authority to tax such residences more heavily than primary homes.
Source: The Local. Read the original report ↗
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This brief is based on reporting by The Local.supports: The Local Europe