The controversial calculation of property tax in Essen primarily affects commercial properties. What does this mean for tenants and homeowners? The type of valuation, whether stable or variable, has far-reaching financial implications. The city of Essen is threatened with a gap of 20 million euros in its budget. A financial expert also calls for the calculation to be corrected. However, the country sees no need for action.” For five years, the Federal Constitutional Court has required the municipality to reassess property taxes. Now the fact that a oriented assessment rate of 28.2 percent is being increased to 911.1 million euros in Essen is causing dissatisfaction. The potentially increasing financial utilization of tenants and homeowners in Essen could also be worthy of criticism. The city government is threatened that the evaluation of the successful property rental will have an impact on stable finances and correspondingly stable investors. Difficult borrowing or rent updates are two possible scenarios that are based on the low assessment rates for taxable rents.

The controversial calculation of property tax in Essen primarily affects commercial properties. What does this mean for tenants and homeowners? The type of valuation, whether stable or variable, has far-reaching financial implications. The city of Essen is threatened with a gap of 20 million euros in its budget. A financial expert also calls for the calculation to be corrected. However, the country sees no need for action.” For five years, the Federal Constitutional Court has required the municipality to reassess property taxes. Now the fact that a oriented assessment rate of 28.2 percent is being increased to 911.1 million euros in Essen is causing dissatisfaction. The potentially increasing financial utilization of tenants and homeowners in Essen could also be worthy of criticism. The city government is threatened that the evaluation of the successful property rental will have an impact on stable finances and correspondingly stable investors. Difficult borrowing or rent updates are two possible scenarios that are based on the low assessment rates for taxable rents.

According to a report from www.waz.de, the users of business properties in particular benefit from the changed calculation of property tax. Homeowners and tenants, on the other hand, have to foot the bill. The city of Essen is planning to increase the property tax rates because there is a funding gap in the city's budget. This also has an impact on the amount of property tax for residential and commercial properties.

The property tax rates in Essen are to be increased in order to close a financing gap. This could result in business property users having to bear higher costs, while homeowners and tenants may have to foot the bill. If the property tax rate were stable, there would be a 20 million euro hole in the city's budget.

The new property tax calculation could likely result in higher costs for commercial property users, while residential owners and tenants will bear the brunt.

The calculation of the property tax has an impact on the financing gaps in the city of Essen's budget and could lead to higher costs for users of business properties.

The city of Essen plans to increase the property tax from 781 percent to 832 percent. This could lead to higher costs for commercial property users, while homeowners and tenants will have to pay higher taxes.

The new property tax calculation is expected to result in higher costs for business property users. Aspects such as a possible financing gap in the city of Essen's budget and the amount of property tax for residential and commercial properties must also be taken into account.

The planned change in the calculation of property tax has an impact on the financing gaps in the city of Essen's budget and could lead to higher costs for users of commercial real estate.

The city of Essen plans to increase the property tax rates in order to close a financing gap in the budget. This could result in higher costs for commercial property users, while residential owners and tenants bear the brunt.

Source:
www.waz.de