Value factors

Value factors are characteristics of a property that affect the market value of the property.

The following value factors are considered:

  • Usage
  • Location
  • Size
  • Condition (only for objects)

Usage

The market value of a property is affected by how the property is used. When the appraised value is determined this is considered by classifying all properties into different value categories. Each value category is appraised separately and value zones and value levels are determined for every category.

Location

Location is considered by dividing each municipality into different value zones based on how the market value varies depending on where a property is located. For each value zone a value per square meter is determined. This is called value level.

Size

The size of a property has a direct impact on the appraised value. Area of the property (m2) is multiplied with the value level.

Appraised value = Area (m2) * Value level (€ per m2) 

Condition

The value factor condition is only applied for objects (buildings). Condition is considered by determining a condition standard for each object. Each standard has a condition coefficient.

Appraised value for objects= Area (m2) * Value level (€ per m 2) * Condition coefficient 

The characteristics registered in the property tax register on November 30 of the appraisal year affects the appraised value of your property. November 30 is the characteristics date.

Please observe that you must report all changes in the use of your property. The same goes for extensions that may affect the value more than 5,000 €.