16.5 thousand houses in the Netherlands worth over 1 million euro

06/11/2007 15:00

On the occasion of the State Opening of Parliament (the third Tuesday in September) 2007, the cabinet have announced plans to the effect that from 1 January 2009 the tax on houses with a WOZ value in excess of 1 million euro will be raised. On 1 January this year, 16.5 thousand houses in the Netherlands had a value of 1 million euro or more.

Higher home ownership value for expensive houses

According to the current government plans, the home ownership value for houses with a WOZ value exceeding 1 million euro will be raised on 1 January 2009. The rate is raised from 0.55 to 2.35 percent imposed on the amount beyond 1 million euro. Additionally, the maximum amount of 9,150 euro for the home ownership value tax will be abolished. 

WOZ value of half of houses varies between 100 and 200 thousand euro

Early 2007, there were 16.5 thousand houses in the Netherlands likely to be affected by the new tax measures. Altogether, they represent only a quarter of a percent of the total value of the Dutch housing stock.

Half of Dutch houses have a WOZ value ranging from 100 to 200 thousand euro. More than a quarter have a WOZ value ranging from 200 thousand to 300 thousand euro.

Dwellings by WOZ value, 1 January 2007

Dwellings by WOZ value, 1 January 2007

Most expensive dwellings found in the province of Utrecht

The average house value was 217 thousand euro on 1 January 2007, but varies across the provinces. Houses in the province of Utrecht have the highest average WOZ value (250 thousand euro). Other expensive provinces are North Brabant (246 thousand euro), Gelderland (237 thousand euro) and North Holland (231 thousand euro).

On 1 January 2007, houses in the province of Groningen had the lowest average WOZ value, i.e. 158 thousand euro. Other provinces with a WOZ value distinctly below average were: Friesland, Zeeland, Flevoland, Drenthe and Limburg.

Average WOZ value by province, 1 January 2007

Average WOZ value by province, 1 January 2007

Hermanus Rietveld