How real estate tax is calculated

The amount of real estate tax is determined by the real estate unit’s value. A real estate unit includes the buildings and the ground they are built on. Their value is determined based on rules set by the Ministry of Finance and the Tax Administration.

Real estate tax is calculated by multiplying the value of the real estate unit with the real estate tax rate. The municipality where the real estate is located determines the applicable tax rate.

A real estate unit is comprised of the buildings, the ground, or both

• The value of a building is determined by its characteristics. The amount of tax is based on the tax rate that the municipality has imposed on buildings. Read more about how the value of a building is determined
• The value of the ground is determined by its area and type. The amount of tax is based on the tax rate that the municipality has imposed on the ground type. Read more about how the value of ground is determined (in Finnish and Swedish, link to Finnish).