The average official value of homes in the Netherlands has risen by 5% this year to €398,000, according to figures published on Thursday.

The WOZ value, or property value assessment, is calculated annually by local authorities and reflects what a house would likely have sold for on 1 January the previous year — in this case, 2024. The valuation is used to determine the level of local taxes.

The sharpest rise was recorded in Leidschendam-Voorburg in Zuid-Holland, where the average WOZ value rose by 14.1% to €444,000. By contrast, property values fell slightly in Wierden in Twente and in Eersel, Noord-Brabant.

Bloemendaal once again tops the list, with an average home valued at €923,000, closely followed by Laren at €920,000. At the bottom end, Kerkrade in Limburg has the lowest average WOZ value, at €214,000.

The national average has now increased for over a decade, with the last drop dating back to 2013 during the aftermath of the financial crisis.

The Waarderingskamer, which oversees WOZ assessments, also released preliminary projections for 2026, forecasting a sharper increase of between 9.5% and 11.5%. That rise reflects the strong recovery of the housing market, with property prices having surged in the past year.

Homeowners who believe their property has been incorrectly valued can lodge an appeal within six weeks of receiving their WOZ notification.