Home prices down, property tax up

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Most Dutch local councils have raised property tax rates even though the value of real estate keeps falling.

The home owners association Eigen Huis Own Home has drawn the above conclusion based on its research in 114 municipalities.

The association reports that the value of privately owned homes in the Netherlands fell by 3.4 percent on average, while property tax rates went up by 3.9 percent.

The municipality of Noordoostpolder, in Flevoland province, was the worst offender. It raised property tax rates by a staggering 43 percent.


© Radio Netherlands Worldwide  

© Radio Netherlands Worldwide

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