The WOZ value of Dutch homes has increased by an average of 8.6 percent in one year. On January 1, 2022, the average WOZ value (valuation of immovable property) was a record amount of 315,000 euros, the Central Bureau of Statistics (CBS) reported on Monday based on new figures. The increase between January 1, 2021 and January 1, 2022 differs greatly per municipality. The largest relative increase in value took place in the municipality of Noardeast-Fryslân, where the average WOZ value of homes rose by 19.5 percent to 233,000 euros.
At 2.1 percent, the WOZ value in Amsterdam increased much less rapidly than the national average. Of the four major cities, Rotterdam is the biggest riser (11.4 percent), followed by Utrecht with 9.8 percent. At 828,000 euros, homes in the Noord-Holland municipality of Bloemendaal have the highest WOZ value, and the lowest in Pekela in Groningen; 167,000 euros.
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North Holland most expensive province
At provincial level, the average house value in Flevoland rose the most with 11.8 percent and the least in Noord-Holland and Limburg at 6.5 percent. However, the WOZ value in North Holland is higher than in the other provinces, with an average of 391,000 euros. Groningen is the province with the lowest average house value.
Municipalities and water boards use the WOZ value, which follows the price development of existing owner-occupied homes with a one-year delay, when determining local taxes. When calculating the average WOZ value, Statistics Netherlands includes all homes, including rental homes and unsold owner-occupied homes. The housing stock changes due to new construction and demolition, which generally leads to a higher average WOZ value.