In Germany, around 35 million properties and agricultural and forestry businesses need to be revalued. The reform of property tax is a done deal, as the values of land and buildings calculated by the tax authorities to date are based on outdated figures.
Obligation for all owners
In 2022, owners must submit an electronic declaration of assessment to the tax authorities for each property. You will be requested to do so by the tax authorities. A number of federal states are likely to do this in the form of a general ruling.
The revaluation will be based on the values as of January 1, 2022. As the tax authorities need several years to revaluate all properties, the new values will not be used to calculate property tax until 2025.
Deadline for submission in the period July – October 2022
All property owners, regardless of the use of the property, are directly affected and legally obliged to participate in the revaluation process. Some preparations must be made for this. The corresponding tax return must be submitted between 01.07.2022 and 31.10.2022. Preparatory activities, such as providing the necessary documents, should already be completed now.
We are happy to support you!
As your advisor in all tax and legal matters, we will be happy to support you and advise you individually on the revaluation process. We can also take over the process and handling with the tax authorities for you.
Your usual contacts at TIGGES and TIGGES Steuerberatung will be happy to assist you.
