How real estate tax is calculated

The amount of real estate tax is determined by the real estate unit’s value. A real estate unit includes the buildings and the ground they are built on. Their value is determined based on rules set by the Ministry of Finance and the Tax Administration.

Real estate tax is calculated by multiplying the value of the real estate unit with the real estate tax rate. The municipality where the real estate is located determines the applicable tax rate.

A real estate unit is comprised of the buildings, the ground, or both