Start Date
6-4-2018 3:15 PM
End Date
6-4-2018 4:15 PM
Description
A report from the general auditor in 2013 stated a severe criticism of the property assessment system in Denmark, leading to a freeze of all assessments in 2011 prices. A following review by external experts concluded, that a quick fix was not possible, hence pointing to a full revamp of the system. Since 2014, we have had a temporary center for implementing new property assessments in Denmark under the Ministry for Taxation. We have finalized a full new property assessment legislation in 2017 as well as a new taxation scheme starting in 2021. In 2018, we will go live with an entirely new custom built, cloud based, assessment system, assessing the property and lot values of almost 1.7 million Danish owner-occupied homes. As a prerequisite for increasing the quality of the assessments, we have improved the quality of the basic cadastral and building register, including geo-referencing of all Danish addresses. In addition to existing sources, we have built a large database with geographical data on all properties. For the assessment, we have built a supporting GIS-tool with integrated oblique and street-view images. The tool is expected to increased efficiency in the valuation process as well as provide a tool for identifying special properties i.e. in bad conditions as well as odd properties. The presentation will explain our setup and provide provisional findings and recommendations.
Publication Date
April 2018
Recommended Citation
Skakkebæk Lindegaard, Lasse, "The new property taxation system in Denmark" (2018). International Research Symposium. 22.
https://researchexchange.iaao.org/irs/irs18/sessions/22
The new property taxation system in Denmark
A report from the general auditor in 2013 stated a severe criticism of the property assessment system in Denmark, leading to a freeze of all assessments in 2011 prices. A following review by external experts concluded, that a quick fix was not possible, hence pointing to a full revamp of the system. Since 2014, we have had a temporary center for implementing new property assessments in Denmark under the Ministry for Taxation. We have finalized a full new property assessment legislation in 2017 as well as a new taxation scheme starting in 2021. In 2018, we will go live with an entirely new custom built, cloud based, assessment system, assessing the property and lot values of almost 1.7 million Danish owner-occupied homes. As a prerequisite for increasing the quality of the assessments, we have improved the quality of the basic cadastral and building register, including geo-referencing of all Danish addresses. In addition to existing sources, we have built a large database with geographical data on all properties. For the assessment, we have built a supporting GIS-tool with integrated oblique and street-view images. The tool is expected to increased efficiency in the valuation process as well as provide a tool for identifying special properties i.e. in bad conditions as well as odd properties. The presentation will explain our setup and provide provisional findings and recommendations.