Property tax

The property tax is a tax on the ownership of land ( substance control ). Basis for property tax is usually the value of the land. In many countries, the tax rate on municipal level is set.

Germany

The situation in Germany is described in detail under property tax ( Germany ).

Austria

The Austrian legislation is very similar to the situation in Germany, detail is provided under property tax ( Austria ).

Canada

Many provinces in Canada levy a property tax, the amount of which depends on the value and use of the land. This is the main source of income for most local governments in Canada. The tax rate varies between communities, but most of the cost-base, evaluation procedures, etc. is determined by provincial law. Increasingly, a standard market value is used, which is adjusted in different cycles. Some provinces provide for an annual adjustment before, in the event that the property market is particularly volatile, while others may have longer times to elapse between revaluations.

Netherlands

The property tax ( Dutch: Gratis goed belasting or onroerende zaak belasting ( OZB ) ) is levied in two parts of the municipalities: to the inhabitants of the house and to the owner of the house. Tenants of housing only pay the part that accumulates on the residents. In recent years, increases in the taxation of over 10% were in some local cause for concern. In 2005 there was a bill in Parliament that only the portion of the owner should be maintained, and that it is not likely to rise faster than inflation.