At the last moment, the levy on property ownership in favor of regional authorities has been averted, sparing owners a further tax burden.
Originally, the new local government code provided for a new “Regional Development Fee” that would essentially constitute a new tax for property owners or their tenants, imposed through electricity bills.
This fee was designed to end up in the coffers of regional authorities and was established at a rate between 0.015% and 0.035% on the taxable (“objective”) value of each property, equal to the current Real Estate Tax (TAP).
Following the negative reaction, this tax will not be imposed. The revenue from the tax would have been allocated exclusively to the financing of projects under the responsibility of regional authority.
For example, for a property of 80 square meters with an objective value of €160,000 – over 25 years old – the cost of this new fee was estimated at up to €56.
