Do your property taxes increase if you build a porch in your backyard?

Organize your garden, for example winter garden Installing a conservatory can be a particularly exciting project. But we must not ignore the financial consequences of this construction and, in particular, the increase in property taxes. Here’s everything you need to know to avoid problems with the tax authorities.

First of all, it is mandatory to declare this extension to the tax administrations, he says tax website. “Thanks to this recognition, the Real Estate Tax Center can change the basis used to calculate property tax,” he explained. This process must be completed within 90 days of the completion of construction.

Exception for the first two years

Specifically, the owner must fill out declaration 6704 IL or Cerfa 10517, then submit it to the Property Registry office of the Sector’s Property Tax Service. The information contained in this declaration allows the property tax center to change the tax base, which is then used to calculate the property tax. The area of ​​the balance will be taken into account in the calculation. Additional steps are required if it’s new construction or a rebuild, the site specifies Innovation Veranda.

After this declaration, the cadastral rental value of the real estate will increase on January 1 of the following year, which will lead to an increase in real estate tax. “To obtain an estimate of your new property tax, you may contact the property tax department where your property is located,” the tax website explains. However, the good news is that the declaration also provides access to a two-year exemption, below Article 1383 of the General Rule of Taxes.

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