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Generic Tax Name Capital tax - Property value tax
Tax name in the national language Lov om statslig, kommunal og amtskommunal ejendomsværdiskat (Ejendomsværdiskatteloven)
Tax name in English Property value tax
Member State DK-Denmark
Tax in force since 2000/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Statutory Notice No. 486 of 14 May 2013 (ejendomsværdiskatteloven).

Temporary changes in the valuation of property is made from the law 1535 of 27th of December 2014.

 

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

 
Taxpayers

The owner of the property.

 
Tax object and basis of assessment

The tax is applicable only to private home owners and is based upon the public property evaluation per 1 January in the tax year.

 

The tax is calculated on the basis of the value of property, assessed every second year. However, the valuation system is currently under reassessment. Therefore the 2011-valuations are currently used for owner-occupied dwellings (house or flat) and 2012-valuations for other dwellings until 2017 and 2018 respectively.

 

Since the adoption of the tax freeze policy in 2002, the base for property value tax is fixed to the lowest assessment of either:

  • the property value 2001 plus a 5% supplement
  • the property value 2002
  • the property value in the current year

 

 
Deductions, Allowances, Credits, Exemptions

Persons over 65 years old receive a deduction in property value tax of 4 ‰ of the tax base, with a maximum of DKK 6,000 for homes and DKK 2,000 for summer homes.

The reduction itself is however reduced according to income: 5 % of that part of the owner's personal income with the addition of positive net capital income and positive dividend income which exceeds a tax base of DKK 180,400 (2015) for single persons and DKK 277,500 (2015) for married couples.

There is also a deduction for owners who have bought the property no later than July 1, 1998. This deduction is 2 ‰ of the tax base. Furthermore there is a deduction of 4 ‰, with a maximum of DKK 1,200 which applies for owner-occupied housing except flats.

 

 

 
Rate(s) Structure

Property value tax is 10 ‰ of the base value up to DKK 3,040,000 and 30 ‰ of the amount exceeding this threshold. The threshold has been frozen at the nominal value since 2002.

 
Tax due date

 
Tax collector

Collection and accounting to the municipality and county are carried out according to the same rules as those regarding personal income taxes.

 
Special features
 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d51mj (d51aj)

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 13,011.63 DKK 0.69
2011 12,817.47 DKK 0.70
2010 12,628.43 DKK 0.70
2009 12,361.51 DKK 0.72
2008 12,118.31 DKK 0.67
2007 11,711.10 DKK 0.67
2006 11,334.20 DKK 0.67
2005 10,935.30 DKK 0.69
2004 10,499.80 DKK 0.70
2003 10,150.50 DKK 0.71
2002 10,155.90 DKK 0.72
2001 9,502.40 DKK 0.69
2000 8,404.30 DKK 0.63

Comments