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Tax Assessment

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The property tax is assessed every year.

Assessed Tax

The tax you have to pay every year, the assessed tax, is determined by multiplying the taxable value with the tax rate.

Assessed Tax =

Taxable Value * Tax Rate


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Taxable Value

The taxable value is the appraised value of the property after principal residence deduction if this is applicable.

If there is no principal residence deduction taxable value will be the same as appraised value.

Taxable Value =

Appraised Value - Principal Residence Deduction


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Appraised Value

The value used each year when assessing the tax, is the appraised value of the property on 31 December of previous year.

The appraised value will be determined every three to five years through a survey.

The appraised value for property tax is affected by the following:
• Building area in square meters
• Value Category
• Value zone
• Quality (after the resurvey has taken place)

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Value Categories

All buildings are categorized in two different category systems:
• Property category
• Value Category (primary use)

The property category determines which tax rate to apply. Read more about Property category here. Under each Property category there are several value categories.

The value category determines the value per square meter for a property of normal quality in a specific value zone. Different value categories have different square meter values. To see the different value categories – click here.

The value per square meter is decided by a Municipal Value Commission. To see value per square meter for years 2001 - 2015

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Value Zones

In all municipalities the land has been divided into different value zones. These zones reflect the difference in values that applies for similar buildings depending on the location of the building. Usually the value increases the more close to a city center the building is located.

If you wish to see the zones of your municipality you can visit your Municipal Property Tax Office to look at their zone maps.

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Principal Residence Deduction

If you live in a house that you own, this house can be established as a principal residence.

A natural person will have a deduction of 10 000 euro from the appraised value if the property is established as a principal residence.


Assumptions:

 


Appraised value

30,000.00 Euro


Principal Residence?

Yes, the owner lives in his house.


Applicable Tax Rate:

0.15%



Calculation:

 


Taxable Value

20,000.00 Euro (30,000.00 - 10,000.00)


Property Tax to Pay

30 Euro (20,000.00 x 0.15%)



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Tax Rate

The tax rate can vary from one municipality to another. The municipal assembly may establish the tax rate on an annual basis. The rates may vary between 0.15% and 1%.

The tax rates may also be different depending on property category.

Download the PDF file below to learn more about the prevailing tax rates.

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Property Category

Based on the primary use all buildings are classified into seven different property categories. The property category determines which tax rate that will be applied.

  • Inhabited Property
  • Commercial Property
  • Residential Property
  • Industrial Property
  • Agricultural Property
  • Abandoned immovable property and uninhabited structures
  • Unfinished property


  • For more information on the different property categories click here.

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    -value_categories

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    Value

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    Why is it important to pay Property Tax?

    By paying your property tax you participate in the efforts to improve quality of life in your municipality.

    Property tax is needed for investments to improve roads, water supplies, sewerage, school buildings, etc.

    Everybody who pays their property tax is taking an important part in the work with developing your municipality and therefore the whole country!

    By paying property tax, you make a difference!