Duties for landowners.
What you need to look out for.
The previous property tax was unconstitutional, so the legislature worked out a reform. For you as a property owner, this results in the obligation to submit a tax return for each of your properties in 2022.
The declaration for the determination of property tax values must be submitted by 31.10.2022.
The tax office needs information about your property, and country-specific requirements must also be taken into account. There are significant penalties for non-compliance.
How will my properties be valued?
- The valuation is based on the value ratios as of 1 January 2022.
- However, since the tax authorities need several years to revaluate all properties, the new values will not be used to calculate property tax until 2025.
- Due to the large number of regulations as well as the short notice, it is advisable to act early and tackle the preparation of the tax return.