Annual tax levied by German
Real estate tax
Real estate tax (Grundsteuer) is an annual tax levied by German
municipalities on real property. It is payable by the owner of
the property irrespective of residence. The tax is levied on the
assessed value (Einheitswert) of the property using the basic tax
rate of 0.35%. There is dispute as to whether the current valua-
tion using the assessed value is constitutional.
apply their respective multipliers to the resulting base amount
(Steuermessbetrag) to arrive at the fnal tax due. The multipliers
vary by municipality and may be different for industrial or agricul-
tural property. Multipliers for industrial property typically range
from 150% to 600%.