Property Tax in Austria 2026 – Rates, Calculation and Legal Framework

Anyone who owns land, a residential property or any other type of real estate in Austria is required to pay annual property tax (Grundsteuer). Property located outside Austria is not subject to Austrian property tax, as the tax applies exclusively to domestic real estate. 

 

What is property tax? 

Property tax is a real estate-based tax on immovable property, governed by federal law and regulated under the Austrian Property Tax Act (Grundsteuergesetz). The revenue from this tax is allocated to municipalities, which are also responsible for assessing and collecting it. 

In Austria, two categories are distinguished: 

Property Tax A – applicable to agricultural and forestry businesses
Property Tax B – applicable to all other real estate assets 

 

How is property tax calculated in Austria? 

Property tax is not charged as a flat rate. Instead, it is determined through a multi-step process involving both the tax authorities and the municipality. 

The calculation consists of three stages: 

1. Determination of the assessed value (Einheitswert) 

1. Calculation of the property tax assessment amount (Grundsteuermessbetrag – GMB) 

1. Application of the municipal multiplier (Hebesatz) 

 

1. The assessed value (Einheitswert) – the tax base

The assessed value is an official valuation determined by the competent tax office in accordance with the Austrian Valuation Act. 

This value serves as the basis for various taxes, including property tax. 

Important: The assessed value does not reflect the current market value of the property.
It is based on valuation standards dating back to 1972 and is therefore generally significantly lower than the actual market price. 

Property owners receive an official assessed value notice (Einheitswertbescheid). 

 

2. The property tax assessment amount and tax rates (SMZ)

The assessed value is then multiplied by statutory tax rates expressed in per mille (‰) — known as the Steuermesszahlen. These rates vary depending on the type of property and apply in progressive tiers. 

Tax rates for real estate (Property Tax B) 

Property type	Portion of assessed value	Rate
Single-family house	first €3,650	0.5 ‰
	next €7,300	1.0 ‰
	remainder	2.0 ‰
Rental properties	first €3,650	1.0 ‰
	next €3,650	1.5 ‰
	remainder	2.0 ‰
Other properties	first €3,650	1.0 ‰
	remainder	2.0 ‰

 

Tax rates for agricultural and forestry businesses (Property Tax A) 

Portion of assessed value	Rate
first €3,650	1.6 ‰
remainder	2.0 ‰

 

3. Municipal multiplier (Hebesatz)

In the final step, the municipality applies a multiplier to the assessment amount. 

This multiplier may be set at up to 500%, and in practice most municipalities apply the maximum rate. 

Formula: 

Property tax assessment amount × municipal multiplier = annual property tax 

 

Key facts at a glance 

Average property tax in Austria 

For a typical single-family home, annual property tax generally ranges between €180 and €240, depending on location and assessed value. 

Payment deadlines 

• Up to €75 per year: payable once annually on 15 May 

• Over €75 per year: payable quarterly 

Passing costs on to tenants 

Property tax may be allocated proportionally to tenants as part of operating costs, subject to tenancy law regulations. 

Difference between Property Tax A and B 

Property Tax A: agricultural and forestry assets
Property Tax B: all other land and buildings