The Social Democratic Party (PSD) said on Friday that it opposes the introduction of market-value-based residential property taxes, planned by the former Bolojan government for 1 January 2027, which the party claims could have resulted in taxes rising to as much as 27 times their current levels.
"PSD is putting a stop to the residential property tax increases scheduled for 1 January 2027. PSD does not support the introduction of market-value-based residential property taxes, which the Bolojan government had planned for 1 January 2027 and which would have led to increases of up to 27 times the amounts currently paid by citizens. PSD has pledged to change the direction of government policy, and the first decisions backed by Social Democratic ministers will aim to halt the austerity measures introduced by the previous government. At the same time, PSD will reject and expose populist excesses that seek to exploit citizens' legitimate grievances for electoral gain. PSD will not mislead Romanians with promises of EUR 35,000 homes, but neither will it punish them with taxes 27 times higher on the homes they live in," the party said in a press release sent to AGERPRES.
According to the cited source, the decision to introduce market-value-based residential property taxation was made in 2021 by the PNL-USR government, which drew up Romania's National Recovery and Resilience Plan (NRRP) and submitted it to the European Commission without prior consultation with the Romanian Parliament.
"PSD believes that Romania must honour its commitments to the European Union, under which it receives European funding, but the way these commitments are implemented must take into account the need to protect vulnerable groups and the country's middle class. Reforms serve no purpose if they place an additional burden on Romanians with low and middle incomes," the Social Democrats stressed
