Financial expert explains: Almost 279,000 objections against property tax assessments in Rhineland-Palatinate

Financial expert explains: Almost 279,000 objections against property tax assessments in Rhineland-Palatinate

According to a report by Lokalo.de, there are almost 279,000 objections to the notices for calculating the new property tax in Rhineland-Palatinate. The Ministry of Finance reports that a total of around 2.5 million properties need to be revalued. The new property tax should apply from the beginning of 2025.

In Rhineland-Palatinate, 178,756 objections against property tax valuation notices and 100,121 objections against property tax assessment notices were submitted by the beginning of November. There are still around 300,000 property tax returns outstanding, while around 2.1 million returns have already been submitted.

The high number of appeals shows that the property tax reassessment represents a significant change for many property owners. This change could lead to property taxes increasing for certain property owners in Rhineland-Palatinate. In addition, the municipalities could generate higher income through the revaluation of the properties and the associated possible increase in property taxes. It can therefore be assumed that the reassessment of the property tax in Rhineland-Palatinate will have an impact on the real estate market and the municipalities' income.