If a new property tax dubbed the
TASI is increased to a proposed rate of 2.5 per thousand in
2014, the levy on first homes would represent the equivalent of
a 60% increase over a similar tax rate in 2013, the Bank of
Italy said Friday.
The latest research on the tax suggests that if the rate
remains at one per thousand, the increase over 2013 levels would
be about 12%, said the central bank.
An increase to 2.5 per thousand would make the TASI's
income roughly equivalent to that of the hated IMU property tax
put in place in 2012, said the bank, which analyzed rates in
major Italian cities.
"If each capital (city) applied a rate equal to 2.5 per
thousand, the total levy would increase by more than 60%," said
the bank in its research.
The TASI was developed last year as a response to outrage
over the IMU and is designed to affect both primary and
secondary homes as well as being tied to other local levies such
as garbage taxes.
Then-premier Enrico Letta was forced by the ex-premier
Silvio Berlusconi's political party to eliminate the IMU on
principal residences in 2013.
It was replaced by the TASI, with a rate to be set by local
governments that are hungry for cash and can choose to add an
additional 0.8 points to reach 3.3 per thousand.
Last week, an official in the Italian municipalities
organization said that the TASI was being deferred in cities
that fail to establish local rates in time for payment in June.
Implementation of the TASI created a storm in January after
consumer group Codacons claimed that it would cost families more
than the contentious IMU.
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