Real property taxation goes up. Cities have already given fresh rates

The Ministry of Finance has just announced an increase in the maximum advanced limit of the property taxation for 2024, which will surely affect the pockets of housing owners and homes. This change means raising the maximum taxation rate by 15 percent, which represents a crucial increase in the financial burden on property owners. Nevertheless, it is crucial to emphasise that this does not mean an automatic taxation increase for all citizen. It is local local local government units that will have the final word in determining the amount of the taxation return.

The decision to increase the rate of the property taxation will be taken by the municipalities, which set their rates taking into account the maximum taxation rates set by the Ministry of Finance. This is crucial due to the fact that this means that not all municipalities will choose to rise taxes to specified a large extent.

This event is simply a unique situation on the Polish taxation market, due to the fact that specified drastic increases have not occurred in more than 25 years. The main origin of these changes is expanding inflation, which has led to an increase in local charges for 2024. It is worth noting that advanced inflation in 2023 importantly affected the increase in property taxes specified as land, housing, homes, garages and corporate properties for the coming year.

As a result, real property owners can anticipate higher financial burdens, both in terms of business-related land, where the taxation will increase by 18 cents per square metre and the remaining land, on which the taxation rate will increase by 10 cents per square metre. For each square metre of the flat or home will be paid 15 cents more, and for the garage the taxation will increase by PLN 1.46 per square metre. This means a real impact on the property owners' budget, which will request to be prepared for higher expenditure on taxation charges in the coming year 2024.

The property taxation will increase. The first municipalities have already made decisions

The first municipalities with a population of more than 50 1000 decided to increase the rate of property tax, according to the portal legartis.pl after examining municipal resolutions. respective municipalities, specified as Elbląg, Toruń, Tarnowskie Gora, Starachowice and Stargard, decided to increase their value by little than PLN 1 per square metre.

The biggest increases in property tax, of as much as 15 percent, plan to introduce cities specified as Bielsko-Biała, Katowice and Lublin. In practice, this means that housing owners of 65 square meters can anticipate a taxation increase of PLN 9.75 in 2024, which translates from PLN 65 to PLN 74.75 – the portal states.

The fresh property taxation rates will apply from 1 January 2024. The taxation will be charged to owners, land users, self-employed property holders, as well as in any cases property holders or parts thereof owned by the State Treasury or local government units. This taxation includes land, buildings or parts thereof and structures or parts thereof which are linked to the pursuit of an economical activity.