Tag #Property Tax

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gr.euronews.com

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Aug 19, 13:20

Spain Weighs 100% Tax on Non-EU Homebuyers

Spain is considering a 100% tax on homes bought by non-EU citizens to tackle its housing crisis; property taxes contribute significantly to government revenue across Europe, ranging from 0.3% to 3.7% of GDP, with variations in total tax revenue shares.

Spain Weighs 100% Tax on Non-EU Homebuyers

Spain is considering a 100% tax on homes bought by non-EU citizens to tackle its housing crisis; property taxes contribute significantly to government revenue across Europe, ranging from 0.3% to 3.7% of GDP, with variations in total tax revenue shares.

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What are the immediate economic implications of Spain's proposed 100% tax on homes purchased by non-EU citizens?

Spain is considering a 100% tax on homes bought by non-EU buyers to address its housing crisis. Property taxes are a significant revenue source in Europe, ranging from 0.3% of GDP in Czechia and Estonia to 3.7% in France in 2023, averaging 1.9% in the EU.

abcnews.go.com

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Aug 3, 16:16

Baltimore Homeowner Loses Home to Tax Sale, Exposing Systemic Property Tax Inequality

Bonita Anderson lost her Baltimore home to a tax sale after falling behind on property taxes due to cancer treatment costs; this highlights a systemic issue of disproportionately higher property taxes in majority-nonwhite neighborhoods nationwide.

Baltimore Homeowner Loses Home to Tax Sale, Exposing Systemic Property Tax Inequality

Bonita Anderson lost her Baltimore home to a tax sale after falling behind on property taxes due to cancer treatment costs; this highlights a systemic issue of disproportionately higher property taxes in majority-nonwhite neighborhoods nationwide.

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What are the immediate consequences of disproportionate property tax assessments on vulnerable homeowners in majority-nonwhite neighborhoods?

Bonita Anderson, a Baltimore resident, lost her home due to unpaid property taxes stemming from a cancer diagnosis and subsequent medical bills. This resulted in her home being auctioned for $69,500, significantly less than its $540,000 listing price, with Anderson receiving none of the proceeds.

forbes.com

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Jul 3, 19:18

Apartment Property Taxes Drive Rent Hikes, Exacerbating Housing Crisis

A study by the Lincoln Institute of Land Policy and the Minnesota Center for Fiscal Excellence reveals that apartment buildings pay 44% higher effective property taxes than single-family homes on average, forcing rent increases and exacerbating housing affordability issues.

Apartment Property Taxes Drive Rent Hikes, Exacerbating Housing Crisis

A study by the Lincoln Institute of Land Policy and the Minnesota Center for Fiscal Excellence reveals that apartment buildings pay 44% higher effective property taxes than single-family homes on average, forcing rent increases and exacerbating housing affordability issues.

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How do variations in property tax rates across different jurisdictions directly impact the affordability and viability of apartment buildings and renters?

Property taxes significantly impact apartment building operations, forming a substantial portion of fixed costs. Increases in property taxes necessitate rent hikes, potentially impacting affordability and building viability. This dynamic is particularly acute given that property tax increases are unavoidable and often disproportionately affect apartment buildings.

kathimerini.gr

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Jun 7, 10:10

Greece Launches Digital Registry to Combat Tax Evasion in Real Estate

Greece is implementing a digital property registry to cross-reference property ownership data with utility consumption records, aiming to combat tax evasion related to falsely declared unoccupied properties and improve housing subsidy accuracy. The initiative involves multiple government agencies an...

Greece Launches Digital Registry to Combat Tax Evasion in Real Estate

Greece is implementing a digital property registry to cross-reference property ownership data with utility consumption records, aiming to combat tax evasion related to falsely declared unoccupied properties and improve housing subsidy accuracy. The initiative involves multiple government agencies an...

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What is the immediate impact of the new digital registry on combating tax evasion related to falsely declared unoccupied properties?

The Greek government is addressing the issue of properties falsely declared as unoccupied while still receiving utilities and common expenses. A new digital registry will cross-reference property data with utility records, identifying discrepancies. This initiative aims to combat tax evasion and improve housing policy.

kathimerini.gr

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May 16, 10:12

Greek Property Tax: €2.3 Billion ENFIA Due, Attica Bears Largest Burden

Greece's 2024 ENFIA (property tax) totals €2.3 billion, with Attica paying the most (€1.21 billion) out of 6,164,976 taxpayers, despite a total objective property value of €777.8 billion and an estimated market value exceeding €1.1 trillion, reflecting a 30% average price increase since January 2022...

Greek Property Tax: €2.3 Billion ENFIA Due, Attica Bears Largest Burden

Greece's 2024 ENFIA (property tax) totals €2.3 billion, with Attica paying the most (€1.21 billion) out of 6,164,976 taxpayers, despite a total objective property value of €777.8 billion and an estimated market value exceeding €1.1 trillion, reflecting a 30% average price increase since January 2022...

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What is the total amount of ENFIA to be paid in Greece this year, and how is it distributed among different regions?

The total objective value of real estate in Greece is €777.8 billion, while the actual market value exceeds €1.1 trillion. A 30% average increase in market prices since the last zone price adjustment in January 2022, with higher increases in tourist and urban areas, accounts for this discrepancy. This year, individuals and businesses will pay €2.3 billion in ENFIA (property tax).

kathimerini.gr

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Apr 30, 10:11

Greece Freezes Property Objective Values Until 2027

The Greek government will keep property objective values unchanged until 2027 to ease the burden on homeowners and renters amid soaring market prices, despite a significant gap between objective and market values, particularly in Athens and tourist areas, as evidenced by recent high-value property t...

Greece Freezes Property Objective Values Until 2027

The Greek government will keep property objective values unchanged until 2027 to ease the burden on homeowners and renters amid soaring market prices, despite a significant gap between objective and market values, particularly in Athens and tourist areas, as evidenced by recent high-value property t...

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What factors contribute to the significant discrepancies between objective and market property values in Greece?

The discrepancy between objective and market values is substantial, particularly in Athens and tourist areas, with increases exceeding 30-40%. High-value transactions, such as a parking space sold for €487,361 and plots exceeding €10 million, highlight this gap. The government's action aims to support households and property owners amidst rising prices.",

pt.euronews.com

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Aug 19, 13:20

Spain's Proposed 100% Property Tax Sparks Debate

Spain is considering a 100% tax on homes purchased by non-EU citizens to combat its housing crisis, contrasting with the EU average of 1.9% property tax as a percentage of GDP (ranging from 0.3% to 3.7%), and raising questions about the effectiveness of such policies.

Spain's Proposed 100% Property Tax Sparks Debate

Spain is considering a 100% tax on homes purchased by non-EU citizens to combat its housing crisis, contrasting with the EU average of 1.9% property tax as a percentage of GDP (ranging from 0.3% to 3.7%), and raising questions about the effectiveness of such policies.

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What are the current property tax rates across the EU, and how do they compare to the proposed 100% tax in Spain for non-EU buyers?

Spain is considering a 100% tax on homes bought by non-EU citizens to address its housing crisis. This contrasts with the EU average of 1.9% of GDP from property taxes, ranging from 0.3% in Czechia and Estonia to 3.7% in France. The UK also has a high property tax revenue, near France's level.

abcnews.go.com

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Aug 3, 13:15

Baltimore Homeowner Loses House in Tax Sale, Exposing Systemic Inequality

Bonita Anderson lost her Baltimore home at a tax sale due to unpaid taxes accrued during her cancer treatment, highlighting a pattern of disproportionate property tax burdens in majority-nonwhite neighborhoods nationwide, raising concerns about equitable taxation and systemic issues.

Baltimore Homeowner Loses House in Tax Sale, Exposing Systemic Inequality

Bonita Anderson lost her Baltimore home at a tax sale due to unpaid taxes accrued during her cancer treatment, highlighting a pattern of disproportionate property tax burdens in majority-nonwhite neighborhoods nationwide, raising concerns about equitable taxation and systemic issues.

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What are the immediate consequences of the flawed property tax system in Baltimore, illustrated by Bonita Anderson's case?

Bonita Anderson, a Baltimore resident, lost her home due to a tax lien sale after falling behind on property taxes during her cancer treatment. The city auctioned her home for $69,500, significantly less than its market value of nearly $540,000, leaving Anderson with nothing despite attempts to repay her debt.

sueddeutsche.de

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Jun 9, 19:11

German State Faces 1.4 Million Tax Appeals Over Controversial Property Tax Reform

Baden-Württemberg's new property tax model, effective January 2024, triggered 1.4 million appeals due to drastic tax increases, particularly affecting those with land. The model, based on land size and location regardless of usage, contrasts with other states' more complex methods.

German State Faces 1.4 Million Tax Appeals Over Controversial Property Tax Reform

Baden-Württemberg's new property tax model, effective January 2024, triggered 1.4 million appeals due to drastic tax increases, particularly affecting those with land. The model, based on land size and location regardless of usage, contrasts with other states' more complex methods.

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What are the immediate consequences of Baden-Württemberg's new property tax model, and how does it affect different groups of residents?

In Baden-Württemberg, Germany, an 83-year-old retiree's property tax bill increased from "78 Euro to 5183 Euro", a 6544 percent surge, due to a new state tax model. This model values land based solely on size and location, ignoring what's on it, causing widespread discontent. 1.4 million appeals have been filed against the new assessments.

lexpress.fr

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Jun 5, 13:13

French Tax Break for Property Renovations

French landlords can deduct renovation costs from rental income under the "déficit foncier" system, reducing tax burdens; eligibility requires a bare lease, professional contractors, and specific types of work; a "super déficit" applies to energy efficiency upgrades.

French Tax Break for Property Renovations

French landlords can deduct renovation costs from rental income under the "déficit foncier" system, reducing tax burdens; eligibility requires a bare lease, professional contractors, and specific types of work; a "super déficit" applies to energy efficiency upgrades.

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How does the French "déficit foncier" system impact landlords' tax obligations and what are the specific conditions for eligibility?

French tax law allows for "déficit foncier," deducting renovation costs from rental income. This reduces tax burdens, especially for landlords using the "foncier réel" tax regime, requiring a bare lease and professional contractors.

kathimerini.gr

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May 6, 13:16

Greece Considers Rental Income Tax Reforms to Boost Revenue

Greek Finance Minister Christos Staikouras announced potential tax reforms to ease the burden on property owners and renters by adjusting tax brackets for rental income, potentially adding a new bracket between €12,001 and €25,000, aiming to boost tax revenue by increasing declared income, while den...

Greece Considers Rental Income Tax Reforms to Boost Revenue

Greek Finance Minister Christos Staikouras announced potential tax reforms to ease the burden on property owners and renters by adjusting tax brackets for rental income, potentially adding a new bracket between €12,001 and €25,000, aiming to boost tax revenue by increasing declared income, while den...

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What are the underlying reasons for the significant underreporting of rental income in Greece, and how do the proposed changes aim to counter these issues?

The proposed changes are a response to low declared rental income, with many declaring only €255 per month. The government aims to increase tax revenue by incentivizing accurate reporting through tax bracket adjustments and technological improvements. This approach directly addresses underreporting and aims to collect more taxes from higher earners.

arabic.cnn.com

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Apr 15, 04:10

Jordan's New Property Tax Bill: Automated System Sparks Debate

Jordan's government submitted a new bill to parliament to revise property taxes, replacing a 1954 law with an automated electronic system. While officials claim it increases fairness, critics warn of unintended consequences due to potential misalignment with market values.

Jordan's New Property Tax Bill: Automated System Sparks Debate

Jordan's government submitted a new bill to parliament to revise property taxes, replacing a 1954 law with an automated electronic system. While officials claim it increases fairness, critics warn of unintended consequences due to potential misalignment with market values.

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What are the immediate effects of Jordan's proposed changes to property tax calculations, and how do they affect citizens and the economy?

A new Jordanian bill proposes changes to property tax calculation, aiming for greater fairness and automation. The government denies imposing new taxes, emphasizing incentives and streamlined processes. However, critics raise concerns about the new calculation methods and their potential impact on property owners.

Showing 13 to 24 of 44 results