What Is Ejendomsværdiskat in Denmark?

What is Ejendomsværdiskat?

Ejendomsværdiskat, or property value tax, is an annual tax imposed on homeowners in Denmark. It is calculated based on the assessed value of owner-occupied residential properties, which means that rental properties are exempt from this tax obligation.

How does it work?

Property Value	Tax Rate
Up to DKK 9,200,000	0.51%
Above DKK 9,200,000	1.4% on the value exceeding DKK 9,200,000

This progressive structure means that higher-valued properties incur a greater tax burden.

Common rules or requirements

Only applicable to owner-occupied properties.
Rental properties are exempt from Ejendomsværdiskat.
Tax rates are based on public property assessments.

Example

Imagine you own a home in Copenhagen valued at DKK 10,000,000. You would pay 0.51% on the first DKK 9,200,000 and 1.4% on the remaining DKK 800,000. This means your Ejendomsværdiskat would be approximately DKK 51,000 plus DKK 11,200, totaling around DKK 62,200 annually.

For more information, check related glossary terms like: grundskyld (land tax) and dagpenge (unemployment benefits).

Quick Tips for Expats

Budget for Ejendomsværdiskat as part of your housing costs.
Stay informed about potential changes in property tax policies that may affect your tax liabilities.