Property tax uncertainty affects spending plan

The government’s long-range economic strategy could wind up needing to be reworked after it was revealed that it is based partly on property tax assessments that in 70 percent of cases have proven to be wrong.

The prime minister and the economy minister have both said they support a refund for property owners who have overpaid, while Torsten Andersen, a former economic advisor to the government, said the amount of money the state could expect to collect in property taxes was now “uncertain”.

“The government could even wind up having to decide whether to make up the lost revenue someplace else,” Andersen said. 


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This story was included in The Copenhagen Post's Morning Briefing for Friday, September 20. If you would like to receive stories like these delivered to your inbox by 8am each weekday, sign up for the Morning Briefing or one of our other newsletters today.