TLDR: For the property tax exemption applicable to taxpayers over 75, your RFR for the previous year must be less than or equal to the threshold provided for in I of Article 1417 of the CGI. The exact amount depends on the tax year and is not indicated in the available information.
What RFR threshold must you meet?
You must have a reference tax income for the previous year that does not exceed the threshold set by I of Article 1417 of the French General Tax Code (CGI).
No amount in euros can be stated here: the available information does not specify the threshold applicable to the tax year concerned. The thresholds are adjusted each year according to the first band of the income tax scale.
Which RFR is taken into account?
The RFR corresponds to the net amount of income and capital gains taken into account to calculate income tax for the previous year. Certain exempt income, allowances, income subject to a flat-rate withholding tax and deductible expenses may also be taken into account according to the rules of Article 1417, IV, of the CGI.
What are the conditions for the exemption?
To benefit from this property tax exemption on built properties, you must:
- be over 75 on 1 January of the tax year;
- comply with the RFR threshold applicable to income for the previous year;
- live in the property concerned as its owner or usufructuary.
The exemption applies to the property in which you live. It may also apply to a dwelling that constitutes community property or the separate property of your spouse or PACS partner who is over 75, under the conditions provided for by the regulations.
Why does the amount vary depending on the year?
The RFR threshold is updated every year. You must therefore check the threshold corresponding to the tax year concerned, rather than automatically applying an amount used for another year.
The available information confirms the applicable criterion, but does not provide the threshold amount.