assessed value
What is it?
Each year, the municipality determines the value of your house, building, plot, or land. This is called the 'valuation of immovable property' (WOZ), or the WOZ value. The municipality uses this value to determine how much property tax (OZB) you have to pay.
How does it work?
- The municipality divides homes into groups. A group consists of comparable homes. They are similar in terms of location, construction, and state of repair.
- A valuation agency or the municipality determines the value.
- One or a number of homes are assessed. The other homes are given the same value.
- The WOZ value is the value of the immovable property on January 1 of the year preceding the tax year. This date is called the valuation date.
What should I do?
The WOZ value is stated on the property tax assessment you receive each year. If you want to check how the value was determined, you can request the valuation report from the municipality.
Lodge an objection
If you disagree with the WOZ value, you can lodge an objection. Include the assessment number in your objection and explain why you disagree. Send your objection to the municipality within six weeks of the date on the assessment notice.
Additional information
The municipal commuter tax and levies imposed by the national government and water board are also calculated using the WOZ value.