A Dictionary of Dutchness

OZB

Onroerendezaakbelasting (property tax) is levied by local councils on all residential and business premises and is paid by the owners rather than users of a property. The amount is based on the value of the property in line with the wet waardering onroerende zaken (property valuation law) which is known as the ‘WOZ value’. Local councils are free to set the tax rate themselves. The money raised by the OZB accounts for some 8% of local authority spending.