verotusarvot

Verotusarvot (Finnish for tax values) are values used by tax authorities as the basis for calculating taxes on different assets and activities. They are not the same as market value or a negotiated sale price; rather, they reflect the taxable value established under official valuation rules.

The concept is applied in Finland in several tax contexts, most notably in real estate taxation where the verotusarvo of a property is used to determine municipal property tax and certain state taxes. It is also used in the taxation of other assets, such as motor vehicles, where the taxable value affects the amount of tax due. Valuation authorities may update verotusarvot periodically or upon changes in ownership or substantial asset modifications.

Determination of verotusarvot is carried out by the relevant tax authorities, such as the Finnish Tax Administration (Verohallinto) or municipal valuation offices, according to statutory rules. Valuation methods can include assessments based on property size, location, type, age, and other observable attributes, and may reference factors like replacement cost or cadastral values. Owners generally have the right to appeal if they consider a verotusarvo to be incorrect or unfair.

Relation to market value: verotusarvo is a tax base rather than the market price. It may diverge from market value due to the valuation framework, depreciation, or legislative criteria. Changes in verotusarvot over time can influence the overall cost of owning or transferring assets and are an element of tax policy considerations.