Simplified assessment of real estate for multi-dwelling and commercial buildings and for owner-occupied dwellings in 2016:
Assessed values increased by 13 percent in 2016
Statistical news from Statistics Sweden 2017-02-23 9.30
For multi-dwelling and commercial buildings and for owner-occupied dwellings, the total assessed value increased by 13 percent for comparable units between 2015 and 2016 in the 2016 real estate assessments.
The highest increase of assessed values for multi-dwelling and commercial building units and for owner-occupied dwelling units, 23 percent, was in Västra Götaland County. In Gotland County, assessed values increased by 2 percent, which was the lowest increase in Sweden. In Stockholm County, assessed values increased by 11 percent.
| County | Assessed units | Total assessed value 2015, SEK million | Total assessed value 2016, SEK million | Weighted change, percent |
|---|---|---|---|---|
| 14 Västra Götalands län | 15 878 | 256 067 | 315 727 | 23 |
| 13 Hallands län | 2 919 | 32 897 | 40 037 | 22 |
| 18 Örebro län | 2 983 | 32 383 | 38 102 | 18 |
| 24 Västerbottens län | 2 995 | 29 254 | 34 419 | 18 |
| 17 Värmlands län | 3 161 | 26 253 | 30 589 | 17 |
| County | Assessed units | Total assessed value 2015, SEK million | Total assessed value 2016, SEK million | Weighted change, percent |
|---|---|---|---|---|
| 09 Gotlands län | 705 | 7 294 | 7 458 | 2 |
| 04 Södermanlands län | 2 742 | 27 390 | 28 692 | 5 |
| 20 Dalarnas län | 2 989 | 18 809 | 19 917 | 6 |
| 22 Västernorrlands län | 2 682 | 16 919 | 18 185 | 7 |
| 23 Jämtlands län | 2 025 | 12 777 | 13 618 | 7 |
Changes in type codes in the 2016 simplified property tax assessment
In the 2016 property tax assessment, the Swedish Tax Agency has changed two type codes for multi-dwelling and commercial building units. Before 2016, the type codes had the following designation: ‘320 Unit for multi-dwelling and commercial buildings, mainly residential buildings’ and ‘325 Unit for multi-dwelling and commercial buildings, mainly non-residential buildings’. From 2016, the type codes have the following designations: ‘320 Unit for multi-dwelling and commercial buildings, residential buildings’ and ‘325 Unit for multi-dwelling and commercial buildings, non-residential buildings’.
This means that the units which previously included both residential and non-residential buildings have transferred to the type code ‘321 Unit for multi-dwelling and commercial buildings, residential- and non-residential buildings’. Some units have also been transferred from type code 325 to type code 321.
Definitions and explanations
The change in assessed values in the simplified assessment of real estate in 2016 is calculated on comparable units. The term ‘comparable units’ refers to assessed units that remain essentially unchanged between assessments. This is the population given here, not the increase in values of all real estate.
The assessed value corresponds to 75 percent of the market value two years before the latest tax assessment. Market value refers to the price that the assessed unit could achieve in a sale on the open market. For the simplified property taxation for multi-dwelling and commercial buildings and for owner occupied dwellings conducted in 2016, this means that the taxation value should be 75 percent of the sales price in 2014.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.