Every year, as a homeowner, you receive the WOZ value of your property from the municipality. The WOZ value of your home affects the amount of taxes you have to pay. The municipality determines the value each year based on appraisals of other surrounding and comparable homes sold around the value date.
Why is it important to check the WOZ value?
It could be that if your property is assessed too high, you will have to pay too much tax. But, if your property is assessed too low, this can also be disadvantageous. For example, if you want to sell your property, you don’t want it to be undervalued.