Paying your real estate tax
Newly introduced methods of payment for individuals are the e-invoice and direct payment, and for the corporate taxpayers that pay real estate tax, the Web invoice.
During March, the Tax Administration sends property owners their tax demands, bank forms and information on how much tax is being charged. Due dates for real estate tax are 3rd September 2018 and 15th October 2018. You pay the tax either in one installment or in two installments, and you must enter the respective bank reference numbers when paying — first and second installments have different numbers. If your tax amounts to less than €170, you receive just one bank form so as to pay the entire tax on its first due date in September. However, there's nothing to prevent payment in advance of the due date, in amounts of your choosing.
The bank form additionally shows the method of payment to use. Look it up in the field marked "Euro". If the amount is printed there, it means you must use this bank form to pay the tax.
If the bank forms indicate that you have two installments and you choose to make an extra payment, it is the second installment that it applies to.
Besides payment information, the tax demand also contains instructions for appeal.
Real estate tax is to be paid by the party who is registered as the owner of the property (on Jan 1) at the beginning of the calendar year. Any changes in ownership that may occur in the course of the year have no effect on the real estate tax being collected for this year. Nevertheless, if property has changed hands, not only the seller but also the buyer i.e. the new owner carries responsibility for the payment of real estate tax for the current year. The Tax Administration does not perform calculations in order to allocate parts of the year's real estate tax, or divide it between, the old and the new owners.
Tax does not have to be paid in cases where the assessed real estate tax stays below 17 euros.
e-Invoices and Direct Payment contracts for individuals
Primarily, the e-Invoice/Direct Payment methods of payment are for individual taxpayers.
To prevent any missed due dates, you may wish to start paying real estate tax via e-invoice. Log on to your e-bank to get an e-invoice. The e-invoice appears on your e-bank some two weeks before its due date.
Direct Payment is similar to the old direct debit. It is designed for bank customers who don't have a User ID and Password. It is necessary to sign a contract with your bank to authorize the payments through this online system.
Web invoice for corporate taxpayers
We send the tax demands in the form of Web invoices to all eligible corporate payers of real estate tax.
We deliver them electronically to their EDI addresses. We normally use of the main EDI identifier for this purpose. However, if you want the invoice directed to the address of a specific EDI identifier, please let us know about it by sending a message to vero.fi/verkkolasku (in Finnish).
Please note that all corporate direct-debit agreements have become obsolete.
Payments that you make after their actual due dates must include late-payment interest. You can add the interest to the tax yourself, and use the same bank form for both the tax and the interest. Use the late-payment calculator to figure out the exact amount. If you must pay surtax, and your payment is past due date, you must add late-payment interest to that as well.
Interest period starts on the day after the due date, and ends on payment, and the interest calculation includes both these dates. The interest rate is reviewed every year. For 2018, the rate is 7% per annum. Its threshold amount is 3 euros.
- Launch the Calculator (www.vero.fi/viivekorkolaskuri) (in Finnish)
We send one reminder letter to taxpayers who have not paid their real estate tax by its due date. If the due date printed on the reminder letter passes and the tax is still unpaid, we normally transfer the matter to the enforcement authorities for recovery. If your tax is undergoing recovery by an enforcement authority, you can no longer pay it to the Tax Administration. Instead, you must pay it to the enforcement office according to the instructions you have received from that office. The enforcement authorities collect an additional charge for their services, even in cases where the taxpayer had paid the amount to the bank account of the Tax Administration.
Note: The Telephone Service can be contacted at 029 497 026 (standard call rates apply) in matters concerning payments and refunds, and at 029 497 020 (standard call rates) in matters concerning amounts of real estate tax.
Frequently asked questions about payment
If you have accidentally paid the first instalment of a tax twice, the additional payment will be used to cover the second instalment.
If there are no instalments following the instalment you have paid twice, and if you have no other unpaid taxes or debts in enforcement that the payment could be used for, we will return the extra payment to you. Check or submit your bank account number in MyTax.
The payments will be allocated correctly even if you have used the reference number of the first or second instalment of a tax to pay for both instalments of that tax. The most important thing is that you use the correct tax year’s reference numbers.
If you have not paid your real estate tax in time, we will automatically use your tax refund to cover the unpaid tax (including the second instalment of the real estate tax). We will notify you by post that your tax refund has been used to cover an unpaid tax.
Note! If you do not pay your taxes by their due date, you will also have to pay penalty interest.