The taxable value of a property is the appraised value after any applicable deductions. There are two possible deductions:
The formula for taxable value is as follows
For objects that are primary residence:
Taxable value primary residence objects = Appraised value - primary residence deduction
For other objects:
Taxable value other objects = Appraised value
Taxable value parcels = Appraised value - General deduction
If an object unit has an appraised value under 15,000 € the remaining primary residence deduction might apply to the parcel.
The value used when determining the taxable value is the appraised value on December 31 the year before the tax year.