The average official value of homes in the Netherlands has risen by 5% this year, reaching €398,000. This increase, based on the WOZ (property value assessment), reflects market conditions as of January 1, 2024, and is used to determine local taxes.

The largest increase was observed in Leidschendam-Voorburg, Zuid-Holland, where the average WOZ value climbed by 14.1% to €444,000. In contrast, property values experienced slight decreases in Wierden, Twente, and Eersel, Noord-Brabant.

Bloemendaal maintains its position as the most expensive municipality, with an average home value of €923,000, closely followed by Laren at €920,000. Kerkrade in Limburg has the lowest average WOZ value, at €214,000.

The national average WOZ value has been on the rise for over a decade, with the last decline occurring in 2013 following the financial crisis.

The Waarderingskamer, the organization responsible for overseeing WOZ assessments, anticipates an even larger increase of 9.5% to 11.5% in preliminary projections for 2026. This projected rise reflects the substantial recovery of the housing market and the surge in property prices over the past year.

Homeowners who disagree with their property’s valuation have the option to appeal within six weeks of receiving their WOZ notification.