Overview

• CDU faction leader Dirk Stettner says a new property tax C is under consideration to deter land speculation and accelerate housing construction on idle plots.
• The examination of the levy is enshrined in the CDU-SPD coalition agreement and is slated for completion by year’s end.
• If adopted, the tax could affect an estimated 15,000 to 20,000 buildable parcels, supplementing the higher property tax B rate introduced in January.
• Implementation hinges on creating and regularly updating a cadastre of all undeveloped, construction-ready sites before the new charge can take effect.
• Exemptions are expected for plots deemed formally buildable but practically unbuildable, while Hamburg’s recently introduced tax C remains too new to assess its impact.