CPH Post

Business

Property taxes will remain frozen, says economy minister

Although the incoming treasury minister has previously argued for higher taxes, Margrethe Vestager says homeowners can relax


Property taxes are not going up, says Margrethe Vestager (Photo: Scanpix)

February 3, 2014
15:45

by RW


Although the incoming treasury minister has previously argued for higher taxes, Margrethe Vestager says homeowners can relax

Danish homeowners can breathe a sigh of relief. According to the Radikale leader and economy minister, Margrethe Vestager, property taxes will not be going up anytime soon.

Vestager appointed Morten Østergaard (R) as treasury minister as part of the government reshuffle after SF exited the government. Østergaard said during the run-up to the 2011 General Election that property taxes should be raised.

“The tax freeze should be removed starting in 2016,” Østergaard told Bolius magazine at the time. “Property taxes should be based on a property's value. If housing prices do not rise, then no extra taxes would be due.”

READ MORE: Government roulette continues

Vestager said that Østergaard’s campaign rhetoric would not become policy.

 “Every minister should adhere to governmental policy,” she said. “A large majority in parliament agrees that property taxes should be frozen for a long, long time.”



Related stories