In 2024, the new housing tax system will be introduced, and you will have to pay housing tax on the value of your home in a new way – both as a current home owner and as a new home owner.
Until the new housing tax system comes into force, the homeowners are protected by a tax freeze on the property value tax and an increase limitation on the land debt.
The new reform will overall increase the overall housing taxation for owner-occupied apartments and owner-occupied dwellings in the large urban areas, while most homes in the countryside and in the smaller urban areas will experience a slightly cheaper tax on residential properties
The new property tax system requires new public property assessments to be made. The assessments must reflect the real value of the home, and form the basis for the new calculation of the property tax. On that basis, the property assessments help to determine what the home owners have to pay in property tax.
One of the main points in the new tax agreement is that home owners must not pay more in housing tax in 2024 than they do in 2023. Since the tax payment is maintained from 2023, there is a tax discount, which corresponds to the difference between what you pay in 2023 and what you should have paid under the new set of rules. The tax discount is given every year as long as you live in the property. This also means that those who buy a home from 1 January 2024 onwards will not get a tax discount.
If you are looking for a new home and would like to obtain the tax discount, the property must be purchased and taken over by 31 December 2023 at the latest.
The good advice from DreistStorgaard Bolighandels estate agent Camma Ryborg: “If you have found your dream home in 2023, be extra careful that you do not lose the opportunities in 2024. Check the housing tax so that you are not shocked if there is a change after the new rules per January 1, 2024 comes into force.”
If you need advice or help to assess your housing situation, contact estate agent Camma Ryborg on phone 93 60 14 05 or send an email to cry@dslaw.dk.
