Property tax

Property tax is an annual tax on land of which you are the owner. Tenants also often pay property tax indirectly because landlords can pass it on to their tenants under certain circumstances. 

There is no general way to determine the property tax amount because it depends on several factors. In principle, though, you can calculate it like this:

Property tax value x property tax rate x assessment rate

You can find out more about property tax here: 

Property Tax & the 2022 Property Tax Reform

The property tax has been a hot topic lately due to the recent reform.

In this overview, we explain what the property tax is, what the 2022 reform means, why millions of letters are currently being sent out, and what property owners now need to do.

Read on to stay informed and understand what actions may be required from you as a property owner. 👇🏠

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