UK has the highest property taxes in Europe

UK has the highest property taxes in Europe

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UK has the highest property taxes in Europe

Property taxes in the UK are the highest in Europe, according to the latest figures issued by the European Union.

The latest figures are for 2010, and show revenue flowing in to government coffers from property taxes varies widely across the continent.

In the Czech Republic, Estonia and Slovakia, property tax was 0.4% of GDP – rising to 4.2% in the United Kingdom, 3.4% in France and 3.1% in Belgium.

The UK had the highest revenues from recurrent taxes as a proportion of GDP (3.4%), followed by France (2.3%) and Denmark (1.4%). Recurrent taxes would include council tax.

Transaction taxes, like stamp duty, were highest in Belgium (1.8%), Italy (1.3%) and Spain (1.2%).

The table compares property taxes across all EU countries:

Property tax revenue as % of GDP % GDP in 2010 from: Revenue, million €
2000 2009 2010 Recurrent taxes Transaction taxes
Belgium 2.8 3.0 3.1 1.3 1.8 11 037
Bulgaria 0.2 0.5 0.5 0.3 0.2 187
Czech Republic 0.5 0.4 0.4 0.2 0.2 662
Denmark 1.6 1.9 1.9 1.4 0.5 4 523
Germany 0.9 0.9 0.8 0.5 0.4 21 010
Estonia 0.4 0.3 0.4 0.4 0.0 51
Ireland 1.7 1.6 1.6 0.9 0.7 2 471
Greece 2.0 1.3 0.9 0.3 0.6 1998
Spain 2.2 2.1 2.1 1.0 1.2 22 571
France 2.9 3.3 3.4 2.3 1.1 66 501
Italy 1.9 2.2 1.9 0.6 1.3 28 902
Cyprus 1.5 0.9 1.0 0.6 0.3 167
Latvia 0.9 0.7 0.9 0.8 0.1 154
Lithuania 0.7 0.5 0.5 0.4 0.2 147
Luxembourg 1.9 1.1 1.1 0.1 1.0 435
Hungary 0.7 0.8 1.1 0.3 0.8 1 105
Malta 0.8 1.1 1.1 0.0 1.1 66
Netherlands 2.0 1.3 1.3 0.5 0.8 7 569
Austria 0.6 0.5 0.5 0.2 0.3 1 488
Poland 1.1 1.2 1.2 1.2 0.0 4 194
Portugal 1.2 1.2 1.2 0.6 0.6 2 096
Romania 0.7 0.8 0.9 0.7 0.2 1 038
Slovenia 0.6 0.6 0.6 0.5 0.1 219
Slovakia 0.6 0.4 0.4 0.4 0.0 277
Finland 1.1 1.1 1.2 0.6 0.5 2 087
Sweden 1.7 1.1 1.1 0.8 0.3 3 656
UK 4.2 4.3 4.2 3.4 0.8 71 854

Source: Eurostat May 2012

Comments

Max nderson

2 years ago

Great Job .. this table is very useful to know about taxes.. thanks for sharing 🙂

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http://idealhomesportugal.com/properties

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