For 2023, the value is set to 70 percent of the value that was used for 2016. This equals a downward adjustment of the taxable value of 6.7 percent compared to the value for 2022. the downward adjustment is carried out by the Tax Administration’s systems, and it’s included in pre-filled amounts. This means you do not need to do anything.

However, if the property has increased in value since 1 January 2023 as a result of significant improvements, etc., the taxable value should be increased. The same applies for significant improvements made previous years, but that have not become known to the Tax Administration until later, because you've failed to provide information or have provided insufficient information.

You can reduce the taxable value of the agricultural property after an individual assessment if the value is significantly higher than comparable properties elsewhere in the municipality.

Specific limit for assessing the taxable value of farmhouses

Note that there's a specific limit for assessing the taxable value of farmhouses. The taxable value of farmhouses must not exceed 25 percent of the market value. As the value of farmhouses on farms is included in the combined taxable value of the farm, the total market value must be split between the farmhouse and a suitable associated plot (land connected with the house/holiday home), and the rest of the property.

If market value is set by appraisal, the whole property must be appraised as a whole, before the value is split. A separate appraisal of the house will not be decisive. The taxable value of the rest of the property will not be affected by any reduction in the taxable value of the farmhouse.