If you own property outside Denmark, you have to pay property value tax in Denmark, but you can have tax relief for the tax you have paid abroad. To get the tax relief, you should enter information about your non-Danish property in your preliminary income assessment under 'Købt udenlandsk ejendom' (Non-Danish property bought).

In addition, you should enter information about your non-Danish property in your tax return.

Check and correct information about your non-Danish property in your tax assessment notice

Danish property value tax rates
Property value Property value tax
Up to DKK 3,040,000 0.92% of the amount
Over DKK 3,040,000 0.92% of DKK 3,040,000 and 3%
of the amount over DKK 3,040,000

Sweden:  

Fastighets-avgift (of the part of the property used for residence by the owner) 

France:  

Taxe foncière sur les propriétés bâties (of the part of the property used for residence by the owner) 
 
Taxe d´habitation (of the part of the property used for residence by the owner) 

Spain:  

El Impuesto sobre los Bienes Inmuebles (IBI) (of the part of the property used for residence by the owner) 

France:  

Taxe foncière sur les propriétés non bâties

La contribution á l´audiovisuel public 

Taxe d'enlèvement des ordures ménagères

Special rule for France

If, on 28 November 2007 or before that time, you were subject to full tax liability in Denmark and owned real property in France, you do not have to pay property value tax in Denmark on this property. If you bought property in France after that date, the general rules on tax relief apply.

You can read about the rules that apply to other countries in the double taxation agreements.

We calculate your property value tax according to the Danish rules in case a public property assessment exists that is comparable to a Danish assessment and that is approved by us. Your property value tax is calculated based on the lowest of the following 3 values:

  • 80% of the property value tax in the year before the income year
  • The property value tax as of 1 January 2001 with the addition of 5%
  • The property value tax as of 1 January 2002

We have only approved the Swedish assessments in 2001 and 2002 of properties acquired before 1 January 2002. However, we increase the Swedish assessments by 33% because they aim at being 25% lower than the market value.

If your property does not have an approved assessment from another country, you must use the purchase price (market price) of the property to calculate your property value tax.

How to calculate your property value tax:

  1. Select the year that results in the lowest purchase price for your property:  
    • As of 1 January in the year before the income year 
    • 2001 plus 5% 
    • 2002 
  2. Calculate the purchase price by using either (by order of priority):  
    • The Swedish index for holiday homes (if your house is in Sweden) 
    • The OECD house price index 
    • The Danish price index for holiday homes
  3. Next, reduce the property value by the correct distance percentage. See indexes and distance percentages (in Danish). 
  4. Enter the value of the calculated property value in your preliminary income assessment and tax assessment notice.  

See example of calculation of property value tax for non-Danish properties (in Danish)

Please see our legal guide (in Danish) for further legal information.