Common charges are determined by each building since some buildings have common electricity, get cleaned well, are maintained, while others aren't, so those can really vary. France had two "property" taxes - which were recently rolled into one to alleviate some paperwork. There's some info here about how they are computed: https://france…
Common charges are determined by each building since some buildings have common electricity, get cleaned well, are maintained, while others aren't, so those can really vary. France had two "property" taxes - which were recently rolled into one to alleviate some paperwork. There's some info here about how they are computed: https://franceintheus.org/IMG/pdf/impots_locaux_residents_nord_americains_in_english.pdf (but the info is rather complicated, at least to me!) But in general property taxes are low in France compared to America, but other taxes are higher.
The residence tax(es) are similar to property taxes in the US. There used to be two, but they rolled them into one to cut down on (some) administration.
I'm going to try to figure out how to get more in depth information on amount you need to pay in tax as a retired American expat renting or owning...right now it's hard to decipher that information.
I may ask one of the agents. I guess they also are a rental agency...renting might be a good way to dip one's toes into living there and purchasing a place.
Common charges are determined by each building since some buildings have common electricity, get cleaned well, are maintained, while others aren't, so those can really vary. France had two "property" taxes - which were recently rolled into one to alleviate some paperwork. There's some info here about how they are computed: https://franceintheus.org/IMG/pdf/impots_locaux_residents_nord_americains_in_english.pdf (but the info is rather complicated, at least to me!) But in general property taxes are low in France compared to America, but other taxes are higher.
Wow! Never heard of the residence tax. Thanks for this information.
The residence tax(es) are similar to property taxes in the US. There used to be two, but they rolled them into one to cut down on (some) administration.
I'm going to try to figure out how to get more in depth information on amount you need to pay in tax as a retired American expat renting or owning...right now it's hard to decipher that information.
I may ask one of the agents. I guess they also are a rental agency...renting might be a good way to dip one's toes into living there and purchasing a place.
All interesting to find out about.