Kiinteistöveron

Kiinteistövero is a local tax levied on real estate in Finland. It is a municipal tax, meaning that the revenue generated from it is collected by and used by individual municipalities to fund their public services. The tax is based on the assessed value of properties, and the rates are set annually by each municipality within statutory limits.

There are several types of property subject to kiinteistövero, including land, buildings, and structures. However, certain properties may be exempt from the tax, such as those used for public purposes or certain types of agricultural land. The taxable value of a property is determined by the Tax Administration based on its market value, though specific valuation methods are used.

Property owners are responsible for paying kiinteistövero. The tax is typically paid in installments. The exact amount of kiinteistövero an owner pays depends on the municipality's tax rate and the assessed value of their property. Municipalities have the discretion to set different tax rates for different types of properties, such as residential buildings, commercial buildings, and industrial buildings. This allows them to tailor their revenue generation to their local economic conditions and service needs. The system aims to ensure that property owners contribute to the local infrastructure and services that benefit their properties.