Municipal property valuation

The municipal property valuation is an annual assessment by local authorities of the value of real estate, used as the basis for calculating property-related taxes and municipal charges. This valuation follows standardised criteria including location, size, construction year, and physical condition rather than actual transaction prices.

For commercial real estate, this valuation directly affects annual tax obligations. Property owners have the right to lodge objections against the assessment. While not always aligned with market value, this official valuation serves as a reference point in transactions, financing decisions, and lease negotiations.