Overview

• The party paper outlines two routes: a surcharge on the property transfer tax or a higher property tax rate for very expensive homes.
• An illustrative option would add about 5% to the transfer tax on purchases from €4 million.
• Proceeds would be earmarked for building affordable housing and for homelessness-prevention programs.
• Los Angeles’ Mansion Tax is cited as a model, with reported revenue of about $425 million last year.
• No legislation has been filed, key parameters and revenue estimates remain open, and the plan would require Länder and municipal participation.