Property tax uncertainty affects spending plan

Sep 21, 2013

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.

Politiken

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Property tax uncertainty affects spending plan

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