Understanding the Regional Property Tax Increase: Latest Updates and Important Information

2023-08-06 16:56:47

The Walloon and Brussels administrations are currently sending the warnings-excerpts from the roll to the owners. In general, in the capital, as well as in several Walloon municipalities, many taxpayers can expect a sharp increase in property tax compared to last year.

In the south of the country, 1.6 million letters leave in this way between July and October. These notify each time the amount of the withholding tax to be paid in 2023. The latter constitutes a regional tax on real estate (houses, apartments, land). It is calculated on the basis of their cadastral income. That is to say their average annual rental value on a reference date (January 1, 1975). It should be noted that the federal administration carries out its indexation every year. Collected at the regional level, the withholding tax mainly benefits local finances. The municipalities add a tax called “additional centimes”. In Wallonia, only nine municipalities have just raised their taxation.

1691364442
#Wallonia #municipalities #increase #additional #cents #infographic

Leave a Replay