The WOZ value of homes has reached a record high. On January 1, 2020, the average value was 270,000 euros, reports the Central Bureau of Statistics. It is 8.9 percent more than a year earlier and also the largest increase in years. The WOZ value has been rising for five years in a row, since the crisis on the housing market.
The strongest increase is in the Randstad. Weesp is the leader, the average home value there rose by almost 22 percent. A house there costs an average of 351,000 euros. The municipality of Bloemendaal has the highest average WOZ value with 750,000 euros, Delfzijl the lowest with 134,000 euros.
Rotterdam and Amsterdam
Of the four major cities, the WOZ value rose the most in Rotterdam by almost 16 percent to 222,000 euros, followed by Amsterdam by 11 percent to 418,000 euros.
Of the provinces, the increase was greatest in Groningen and Flevoland, with 12 and 11 percent respectively. The increase was lowest in Zeeland at 5 percent.
One year behind
The WOZ value (Property Value) is the valuation of homes by municipalities, looking at sales prices, type of home, size and location. The number is used for the tax return, a mortgage, and for the amount of municipal taxes (property tax, waste tax and sewerage tax).
The WOZ value of a home is approximately one year behind the actual price, because the homes are appraised on January 1 at the actual value on January 1 the year before.
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