Verona Lake Municipal Property Taxes Vary Significantly by Town
Same lake, same shore, different rates. There are no shortages of surprises in the comparative analysis of municipal property taxes (IMU) in effect for 2000 across the various lakeside towns in Verona.
For example, it is revealed that just a few kilometers of distance between a town and another (such as Lazise and Bardolino) can lead to significant differences affecting the wallets of homeowners with primary residences.
It should be remembered that the beneficiaries of the tax are the Municipalities, the same entities that set the applicable tax rate on taxed properties (ranging between 4 and 7 per thousand).
The current legislation naturally allows Municipalities to enact a range of exemptions for what is called the “first home” of taxpayers.
Taxpayers can contact the tax offices of the municipalities to learn about both the applicable rate and any exemptions or increases in the “ordinary” deduction of two hundred thousand lire.
In practice, it is up to the political will of each municipal administration to influence family economies favorably.
Differences Between Municipalities and Applied Rates
A sensitivity that distinguishes, with the numbers in hand, Malcesine, Peschiera, and Garda, the three centers that apply the minimum rate of four per thousand.
Similarly, consideration must also be given to Lazise, which, with half a point more (4.5 per thousand), applies a deduction of three hundred thousand lire for primary residences.
The title of the most expensive municipality, an unenviable record, rightfully goes to Bardolino, which responds with a 6 per thousand rate to the 350 thousand lire deduction.
Before offering some practical examples, it is important to remember that the calculation of ICI (Imposta Comunale sugli Immobili) is obtained by applying the municipal rate set by each town to the so-called taxable base — a cadastral value that varies from town to town (Casteinuovo cannot be compared to Brenzone, for example).
Practical Examples of Calculation and Tax Differences
To get practical, let us assume possession of an apartment comprising a living room, kitchen, three bedrooms, two bathrooms, and a cellar, used as the main residence (type A2, class 3, with six rooms).
It is worth noting that the tax payable in Bardolino amounts to 632,800 lire, while in Lazise, for the same apartment, the amount paid to the municipal coffers is 408,750 lire.
A difference of 224,050 lire, with the two locations less than four kilometers apart.
The gap is less pronounced between Garda (589,000 lire) and Bardolino.
Similarly, the situation between Torri (619,000 lire) and Bardolino is quite close.
In Peschiera, with 530,000 lire, the municipality has the lowest rate for an apartment not used as a primary residence.
The municipal administration has equated the tax rate for both primary and secondary homes to 4 per thousand at the former Austrian fortress.
This means that for an apartment of similar size as previous examples, the fee payable in Arilica center is approximately 730,000 lire, the lowest on Lake Verona.
The expenditure peaks at Garda (1,208,025 lire), followed by Bardolino (1,146,600 lire), Lazise, Brenzone (1,102,500 lire), and Malcesine (1,080,450 lire). Below six figures, prices are at Torri (982,000 lire) and Casteinuovo (819,000 lire).