The property tax reform has been keeping owners busy for some time - the new calculation bases will come into effect for the first time in many federal states in 2025. Anyone who owns a property should find out about the changes, as they may have an impact on the annual tax burden.
Why the reform was necessary
The Federal Constitutional Court had declared the previous calculation of property tax unconstitutional because it was based on outdated standard values. The tax is now being recalculated, taking greater account of the actual values of land and buildings.
What models are available?
Different models are used depending on the federal state: While some states use the so-called federal model, others implement their own state models. The main differences lie in the extent to which factors such as property size, location and development are included in the tax calculation.
What owners should consider
Many owners already had to submit a property tax return in 2022, on the basis of which the new assessments are now being drawn up. Anyone wishing to lodge an appeal against incorrect assessments should check the deadlines carefully. It is also worth checking the calculated tax burden and initiating a reassessment if necessary.
Conclusion
The property tax reform brings changes for many owners - both positive and negative. A close examination of the new assessments is recommended in order to avoid unjustified charges and take advantage of potential savings.
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