In 2017 property taxes in Finland will be increased

Sept. 6, 2016

In 2017 property taxes in Finland will be increased

The total amount of property tax in Finland, collected in 2016 will be €1 679 million and by 2017 the government plans to increase this amount by €41 million.

Recently, the Finnish authorities made the final decision not to increase the fee for children day care. And apparently, the increase in property tax has to offset the prevailing lack of funds.

In practice, this will mean that in 2017 will rise and the upper, and lower tax rates on permanent residence and general property tax. Information about the dimensions of taxes increase has not yet been reported.

Currently, the tax on the permanent residence is at the lowest level in 23 cities (0,2%), and it is expected to increase up to 0.3%. Minimum general property tax is calculated at the lowest rate (0.6%) in 50 cities and expected to increase up to 0.9%. In 13 cities both taxes are kept at a minimum level, among them: Helsinki, Espoo, Vantaa, Tuusula, Somero, and others.

Based on the materials of