Impending Property Tax Increases in Frankfurt

The Frankfurt City Parliament is currently deliberating significant changes to property tax multipliers, which have sparked considerable concern among various political factions. The CDU has voiced strong opposition to the proposed plans, warning that over 41,000 properties may face drastic tax hikes, with some properties experiencing increases exceeding tenfold.

Finance Director Bastian Bergerhoff from the Greens is working on a proposal to address the potential hardships these changes could impose on residents. Meanwhile, the city council aims to adjust multipliers to ensure stable revenue despite the new calculation model.

The Left Party and the DMB Tenants' Association are advocating for a fund to support tenants burdened by tax increases of over 10%. Additionally, new multipliers for property taxes A and B are expected to take effect in 2025, which could lead to a decline in overall tax revenues.

The broader implications of these reforms signal a challenging landscape for property owners and tenants alike.