Overtaxing second homes: the new strategy of cities in the face of seasonal rentals

Camille

September 29, 2021

This article was amended on

21/4/2022

This article was updated and republished on

One after the other, Major international cities are announcing with fanfare the measures taken to counter seasonal rentals in their city. In addition, in line with Paris, Bordeaux and Lyon, it is now the turn of Marseille to vote for an increase in housing tax on second homes. With the clear objective, to encourage a return to classic furnished rentals. Oiqia shares with you the latest Short-term rental news.

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Increase of 20 to 60% in Housing Tax: Second Homes for Seasonal Rentals in the Spotlight

For the past few hours,The press relays the announcement of an increase in housing tax for second homes over and over again from "20% to 60%, the maximum rate “authorized” by the General Tax Code on the city of Marseille.

Indeed, the Deputy Mayor for Finance, Joel Canicave, is not hiding it. He indicates that he wants to reallocate to conventional rentals, housing dedicated to seasonal or short-term rentals. The objective is a financial return for the city of 3 million euros expected. However, only 3.3% of homes in Marseille are affected by this measure (15,000 out of 450,000 homes).

In conclusion

Knowing that when it comes to seasonal rentals, the owner will pay either the housing tax or the business property tax (CFE). Thus, this increase in housing tax for second homes may redistribute the cards. Indeed, owners will have every interest in comparing the two amounts. And determine what is the best social and financial strategy to adopt.

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