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To carry out all the tasks of the municipal government, the municipality receives funds from the government. There is also another important source of income: your (tax) money. Find out here how much taxes you have to pay in Kruibeke.
Municipal taxes are an essential source of income for the municipal treasury. The most important are the additional personal income tax and surcharges. The municipalities may impose an additional tax on personal income tax. This tax is calculated by applying a percentage to the basic personal income tax. In Kruibeke, 8 percent of your gross salary goes to the municipality. This means that for every 100 euros in federal tax you pay, an additional 8 euros goes to the municipality. The Flemish average is 7.17 percent.
The surcharges are a little more complicated to calculate. Every building or other real estate has a cadastral income. You pay property tax on that cadastral income: this is a tax that goes directly to the Flemish Region. But the municipality can also levy additional surcharges on the property tax. Suppose you pay 50 euros in property tax to the Flemish Region and the municipality levies 1000 surcharges, then you have to pay 10 times the principal amount to the municipality, so in this case 500 euros. In Kruibeke you have to pay 1228 surcharges on your property tax. An average of 898.29 surcharges are levied throughout Flanders.
Despite these municipal taxes, most municipalities still have debts. The debt ratio of the municipality tells how much debt that municipality has in relation to the number of inhabitants. The debt ratio in Kruibeke is 1326 euros. This means that every resident of Kruibeke would have to pay exactly 1,326 euros to repay all the municipality’s debts. In Flanders the average debt ratio is 1058.83 euros.
Would you like to know more about the financial condition of the municipal treasury? Would you like to discover even more about your municipal government? Then click here and discover the Kruibeke Municipal Check.