Property tax after the 2024 reform: property-value tax and land tax
What is your property tax after the 2024 reform? You pay full property-value tax (ejendomsvaerdiskat) (5,1 ‰/14 ‰) and municipal land tax (grundskyld), both on 80 % of the new valuations. The tax rebate does not transfer on a sale, so the seller's figures are not yours. Here is how to work out your real level.
Updated: 2026-06-22
As a new buyer you pay full property tax from day one, without the rebate that previous owners may have. The property tax consists of two parts, both brought in under the housing tax reform that took effect on 1 January 2024: property-value tax (ejendomsvaerdiskat) (a state tax on the value of the home) and land tax (grundskyld) (a municipal tax on the value of the land). Both are now calculated on 80 % of the Valuation Agency’s new, market-close valuations. A quick estimate: an owner-occupied home valued at 4 million kr typically costs 4-5,000 kr a month in total property tax, depending on the municipality’s land-tax permille.
How your property-value tax is calculated
The property-value tax is 5,1 permille of the tax base up to a progression threshold and 14 permille of the part that lies above it. The threshold is 9.007.000 kr in 2026.
The tax base is 80 % of the property value from the new public property valuation (offentlig-ejendomsvurdering). The 20 % rebate is called the precaution principle and is built in so that an uncertain valuation does not penalise you.
An example for a home valued at 5.000.000 kr:
| Step | Calculation | Amount |
|---|---|---|
| Property value (valuation) | 5.000.000 kr | |
| Tax base | 80 % of 5.000.000 | 4.000.000 kr |
| Property-value tax | 5,1 ‰ of 4.000.000 | 20.400 kr/year |
The whole amount lies below the progression threshold, so only the low rate is used here. Only when the tax base exceeds 9.007.000 kr do you hit the 14 permille on the excess.
Land tax: the municipal part
Land tax is calculated on 80 % of the land value multiplied by the land-tax permille your municipality sets. The permille varies considerably from municipality to municipality, so two identical houses in two neighbouring municipalities can have different land tax. An indicative national average is around 7,4 permille, but you should always check the specific municipality.
For the same home, where the land value is assumed to be 1.500.000 kr and the municipality’s permille is 7,4:
| Step | Calculation | Amount |
|---|---|---|
| Land value (valuation) | 1.500.000 kr | |
| Tax base | 80 % of 1.500.000 | 1.200.000 kr |
| Land tax | 7,4 ‰ of 1.200.000 | 8.880 kr/year |
In this example the total property tax thus becomes 20.400 + 8.880 = 29.280 kr a year, or roughly 2.440 kr a month.
The increase cap: why the tax can grow slowly
The reform introduced an increase cap of 4,75 % a year for land tax. This means that even though the new valuations send the land value markedly up, your land tax can rise at most 4,75 % a year until the full tax is reached. The cap protects against sudden jumps, but it also means the tax typically rises every year during a phase-in period until it reaches its full level.
For you as a buyer, the point is: the property tax that is stated in the sales prospectus today is not necessarily the one you end up paying a few years from now. So ask for the full, non-rebated level.
The tax rebate does not transfer on a sale
This is the most important point for a new buyer. Many current owners pay less than the reform’s rules actually call for, because they get a tax rebate. The rebate was given so that no one who already owned their home before 1 January 2024 would have to pay more because of the reform.
But the rebate is personal and lapses on a sale. When you buy the home, you start on the full property tax without a rebate. The seller’s low tax figures are therefore not representative of your finances.
How to check your real level:
- Look the home up on vurderingsportalen.dk and find the property value and the land value.
- Calculate 80 % of each as the tax base.
- Multiply the property-value part by 5,1 ‰ (14 ‰ above 9.007.000 kr) and the land part by the municipality’s land-tax permille.
- Compare with the figure in the sales prospectus. If the seller’s figure is lower, it is probably due to the rebate you do not inherit.
Property tax in your overall budget
Property tax is a large item in your ongoing owner costs (ejerudgifter), together with home insurance and any shared- or landowner-association costs. It is not part of the loan payment itself, so it sits on top of interest and instalments when you work out what the home really costs per month.
| Item | Part of property tax? |
|---|---|
| Property-value tax | Yes |
| Land tax | Yes |
| Home insurance | No (separate owner cost) |
| Loan payment (interest + instalments) | No |
| Electricity, water, heating (consumption) | No |
If you buy an owner-occupied flat (ejerlejlighed), you pay the property-value tax yourself and your share of the land tax via the distribution figure. In a housing cooperative share (andelsbolig), the property taxes instead sit in the association’s overall finances and are part of the housing fee (boligafgift), so you pay them indirectly and not as a personal property-value tax.
The most important things to remember
Property tax after the 2024 reform is predictable once you know the three figures: the valuation, the 80 %, and the municipality’s land-tax permille. The biggest pitfall is trusting the seller’s tax amount, because the tax rebate does not transfer with the home. Always work out the full level before you place a bid, so the property tax does not become an unpleasant surprise after takeover.
Terms to know
Common questions
How much does my property tax rise after the new valuations?
Land tax (grundskyld) can rise at most 4,75 % a year because of the reform's increase cap, until the full tax is reached. This means that even though the new valuations send the land value markedly up, the increase comes gradually in a phase-in period. The property-value tax (ejendomsvaerdiskat) does not have the same annual cap, but is calculated on 80 % of the property value at 5,1 permille up to 9.007.000 kr (2026) and 14 permille above that.
Why do I pay more in property tax than the previous owner?
Because the tax rebate does not transfer on a sale. Owners who bought the home before 1 January 2024 got a rebate so they would not have to pay more because of the reform. That rebate is personal and lapses when the home is sold. As a new buyer you therefore start on the full property tax without a rebate, and the seller's low figures are not representative of your finances.
What is the difference between property-value tax and land tax?
Property-value tax (ejendomsvaerdiskat) is a state tax on the whole value of the home, and it is 5,1 permille up to 9.007.000 kr (2026) and 14 permille above that, calculated on 80 % of the property value. Land tax (grundskyld) is a municipal tax that is only calculated on the value of the land (80 % of the land value) multiplied by the municipality's land-tax permille. You pay both as the owner of an owner-occupied home.
How do I find out what the property tax really becomes for me?
Look the home up on vurderingsportalen.dk and find the property value and the land value. Take 80 % of each as the tax base. Multiply the property-value part by 5,1 permille (14 permille above 9.007.000 kr) and the land part by the municipality's land-tax permille. Add the two figures together. That is your full level without a rebate, and it is what you should budget with, not necessarily the figure in the sales prospectus.
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