Overview
- The Conseil de Paris adopted the surtax in mid‑July, setting local vacancy rates at 30% after one year and 60% after two years, with the new TVLH regime taking effect on 1 January 2027.
- City officials say the measure aims to return about 20,000 of roughly 139,000–140,000 vacant dwellings to the rental market by making long vacancy much more costly for owners.
- Paris also removed a fiscal exemption for furnished tourist rentals so those short‑stay units will face the same vacancy surcharge under the reformed local tax.
- The Court of Auditors and critics note past vacancy‑tax hikes raised receipts without clearly cutting the stock of empty homes, leaving the policy’s real impact on supply uncertain.
- The move will raise municipal revenue at a time of weaker property‑sale income and could increase costs for owners—for example a 30 m² vacant flat in the 17th is estimated to pay about €1,400 in 2027 and €2,800 in 2028 under the surtax.