Kiinteistöveroissa

Kiinteistöveroissa is the Finnish term for property tax. It is an annual tax levied on real estate owners in Finland. The tax is collected by the municipality where the property is located. The tax rate is determined by the municipality, within a range set by national legislation. Generally, there are two types of property taxes: the land tax, which applies to land, and the building tax, which applies to buildings.

The taxable value of a property is based on its estimated market value, which is determined by cadastral assessments. The tax is calculated by multiplying the taxable value by the municipal tax rate. Property owners receive a tax assessment notice from the municipality each year, indicating the amount of tax due and the payment deadline. Failure to pay the property tax on time can result in late payment penalties.

Exemptions from property tax are typically granted for certain types of properties, such as those used for public services, religious purposes, or by non-profit organizations. The revenue generated from property taxes is a significant source of income for Finnish municipalities, and it is used to fund local services such as schools, healthcare, and infrastructure. The system is designed to ensure that property owners contribute to the upkeep and development of their local communities.