In Germany, the property tax rate is calculated by the standards of the last century

Currently in Germany, an urgent need to reform the real estate tax, because its dimensions are calculated for obsolete price data, - the Federal Financial Court BFH. According to the BFH, serving local taxation system does not meet constitutional standards. The Court came to the conclusion that the tax on finished and unfinished properties is calculated according to the standards of the last century, which are contrary to the principle of equality protected by the German Constitution. On the territory of the former Federal Republic of Germany in the calculation of tax is taken as a basis for the real estate unit value in 1964, and in the former GDR and that part of Berlin, which is included in its composition, using data already in 1935 Such a difference in the choice of starting data is void by reason of the unification of the difficulties of the transition period - the court said. The annual amount of regional income from this tax is more than 12 billion euros for the large and small cities. On this Site news.assetz.co.uk