On our response platform NUjij, readers discussed the WOZ value of houses on Monday. How is this valuation made? And is it possible to check whether the valuation of your house has been done correctly?
How is the WOZ value determined?
The municipality determines the value of a home or other immovable property on the basis of an appraisal. This calculates the amount that the property should have yielded on 1 January of the previous year, the value reference date.
The appraiser looks at data about the land and the building, among other things. He visits comparable properties that have been sold around the valuation date or that have been selected in a random sample.
A computer model then generates a value for each house. Municipalities determine the WOZ value of all buildings every year. The decision is therefore valid for one year.
How can I check how the municipality arrived at this amount?
The valuation report can be requested from the municipality. It states which buildings in the area have been used as a benchmark to determine the WOZ value of your home. Municipalities sometimes also send the valuation report as an appendix to the WOZ decision.
You can place this valuation report next to the data from the Land Registry. It keeps track of the purchase price of every house that is sold in the Netherlands and that data is public. So you can see what is being paid in your neighborhood for houses that look like yours.
If you only became the owner or tenant of your house after January 1 of the previous year, things are slightly different. You will then not automatically receive the WOZ assessment. You can then request the WOZ value via MijnOverheid.nl or at the municipality.
It is important to know that the appraiser only makes a general estimate of comparable properties. Defects of individual houses are not included, even though they lower the value of the house. Think of overdue maintenance or dated facilities, such as an old bathroom, kitchen or toilet.
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