Property tax assessment notice for properties received

Property tax is a municipal tax levied on real estate located within the municipal area.
If you own a property, you must pay property tax, known as Grundsteuer B. You will receive a property tax assessment from the municipality.
Property tax is assessed in a three-step process. In the old federal states, the property tax assessment is based on the unit value determined by the tax office in accordance with the Valuation Act based on the value ratios of 1964, and in the new federal states, it is based on the unit value determined by the tax office in accordance with the Valuation Act based on the value ratios of 1935. These values in turn form the basis for the property tax assessment amount, which is also determined by the tax office and set by notice.
The tax assessment amount multiplied by the assessment rate then gives the property tax to be paid.
In the new federal states, rental properties and single-family homes for which no unit value was available on January 1, 1991, and for which no such value could be determined, are also taxed on the basis of a substitute assessment. The annual amount of property tax is calculated here on the basis of the living or usable space. This is a tax registration procedure with the local authority.
The municipality sets the assessment rate by statute.
Changes in the legal or actual circumstances of the property only affect property tax in the following year. If, for example, you sell your property, the new owner will only be liable for property tax from the following year. You will also only have to pay the increased property tax in the following year for the development of your previously undeveloped property.
Under certain conditions, you can be exempted from property tax. This is the case, for example, if you are a non-profit organization and the property is used exclusively and directly for non-profit purposes. However, an exemption is generally not possible if the property is used for agricultural, forestry, or residential purposes. You can apply for an exemption from property tax at the tax office.
In special cases, it is possible to have the property tax waived. For example, if you own property that is in the public interest to preserve because of its significance for art, history, science, or nature conservation, you may be able to apply to the municipality for a tax waiver if the income generated is generally less than the annual costs.