What is the WOZ value?
This is the value of the real estate determined by the Real Estate Valuation Law (WOZ). The WOZ value is determined by the municipality. WOZ has consequences in the form of three taxes for real estate owners:
– income tax
– real estate tax (OZB)
– water tax
In simple terms, this is the average sale price in the given region during the previous year, but without accounting for changes made inside the real estate (a new kitchen, bathroom, which raise the real estate’s value, are not accounted for). This value is usually much lower than the real estate’s actual value.
If you want to sell and believe that the WOZ value is higher, we will send an expert appraiser to you for free and file a claim with the municipality.