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Property tax reform in Hesse: Over 180,000 objections filed against new assessments
According to a report by www.fr.de, a large number of objections were filed in Hesse against the new notices on property tax reform. Around 184,000 of the two million notices were contested. A third of the objections were directed against the constitutionality of the reform. The remaining objections were submitted, among other things, to correct incorrect information. The property tax reform in Hesse became necessary because the Federal Constitutional Court ordered a revision of property taxes nationwide. From 2025, in addition to the size of houses and properties, the location and use of the properties will also be taken into account. Property tax is an important source of revenue for municipalities, and the amount that...
Property tax reform in Hesse: Over 180,000 objections filed against new assessments
According to a report by www.fr.de, a large number of objections were filed in Hesse against the new notices on property tax reform. Around 184,000 of the two million notices were contested. A third of the objections were directed against the constitutionality of the reform. The remaining objections were submitted, among other things, to correct incorrect information.
The property tax reform in Hesse became necessary because the Federal Constitutional Court ordered a revision of property taxes nationwide. From 2025, in addition to the size of houses and properties, the location and use of the properties will also be taken into account. Property tax is an important source of income for municipalities, and the amount that owners have to pay from 2025 depends on the municipal assessment rates.
The Hessian tax administration is on schedule to give municipalities recommendations for assessment rates by mid-2024 in order to ensure revenue neutrality. Hesse is one of the few federal states that publish their recommendations for assessment rates in order to make the process transparent. However, the final decision on the assessment rate lies with each municipality itself.
Around 97 percent of Hessian property owners have submitted their property tax returns. This is an improvement from February 2023, when only 77 percent had filed their declarations. The city of Frankfurt was unable to meet the deadline for submitting the declarations due to the reform. In Hesse, a total of 2.8 million properties are being revalued based on owner information.
The large number of objections against property tax assessments in Hesse shows that there are still uncertainties and a need for clarification in connection with the reform. It is important that municipalities set the assessment rates fairly in order to keep the financial burden on property owners within limits. Property tax reform is expected to impact the real estate market as owners may have to bear higher costs. It remains to be seen how the municipalities will adjust the assessment rates in order to achieve the announced revenue neutrality.
Source: According to a report from www.fr.de.
Read the source article at www.fr.de