Tax assesement changes criticised
Even as plans for a new property tax assessment method were being unveiled yesterday, homeowners said they doubted whether the changes, due to take effect in 2016, would guarantee they are being assessed the correct amount.
The Tax Ministry appointed a group yesterday to come up with new guidelines. The group is headed by Peter Engberg, the former head of mortgage lender Nykredit, and made up of others with a knowledge of the property market.
Experts, however, pointed out that the Tax Ministry had indicated that new system must follow the same basic principles as the current system, which saw mistakes in 75 percent of evaluations, and said that would make it impossible to make significant improvements.
SEE RELATED: Inaccurate property evaluations may have cost homeowners millions
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