kiinteistöverolaki

Kiinteistöverolaki is the Finnish law concerning property tax. This legislation governs the taxation of real estate within Finland. The primary purpose of the kiinteistöverolaki is to levy a tax on the value of land and buildings. The tax is collected by municipalities, and the revenue generated contributes to local public services.

The law defines what constitutes taxable property and outlines the basis for its valuation. Property subject to taxation includes land, buildings, and certain constructions. The tax rate is determined annually by each municipality within the framework set by the kiinteistöverolaki. Municipalities have the authority to set their own tax percentages within a specified range, allowing for flexibility in local fiscal management.

The law also details exemptions and reductions that may apply to certain types of property or owners. For instance, properties owned by the state or municipalities, or those used for specific public or non-profit purposes, might be exempt from property tax. The valuation of property for tax purposes is based on its market value, and the law specifies the methods and principles to be used for this assessment. The kiinteistöverolaki is a significant component of Finland's tax system, influencing both municipal finances and property ownership costs.