Property value

The property value (WOZ-waarde) is the amount that your residential property or business premises could fetch on a certain date, the reference value date. The property value is stated on the municipal tax bill which is sent by the municipality to owners and users each year and it determines how much you have to pay in property taxes (OZB).

For the 2020 tax year the reference value date is 1 January 2019. The value of your residential property or business premises on the reference value date determines the property value.

The property value is used by the municipality to calculate the property taxes. Other agencies using this municipal information include:

  • the Tax and Customs Administration (Belastingdienst)
  • the water board
  • mortgage lenders
  • landlords

How is the property value determined

To determine the property value the municipality looks at the sales data around the reference value date. For commercial properties the rental data will also be taken into account. The municipality also looks at characteristics of your residential property or business property, such as the:

  • location
  • surface area
  • state of repair (condition)

Would you like to know what the property value is for your own residential property, business premises or other immovable property? Or would you like to know how the value was calculated? Go to the page Look at the property value and appraisal report.

Permanent market analysis

In order to calculate the property values well, the municipality researches the market. This is why new owners and tenants receive a questionnaire: the ‘Permanent Market Analysis’ form. They need to complete this form and send it to the municipality. The answers provide the municipality with information about the condition of the residential properties and business premises which were sold.

Did you buy or rent a residential property and did you receive the form? Then you can also complete it online with DigiD:

Complete the PMA form

Good to know

You can read more about how the property value is calculated on the website of the national watchdog, ‘De Waarderingskamer’. You can also find a lot of information on the website of Vereniging Eigen Huis. There you will also find a film on how the property value is calculated.

Rent check

Are you paying the maximum rental price? A decrease in the property value can lead to a reduction in the rental price. Get an estimate on the Rent Check.

Also see