HELSINKI: Municipal tax rate is set to rise in 47 municipalities next year, said the Association of Finnish Local and Regional Authorities. On the other hand, tax rate will be lowered by 14 municipalities. “The municipalities’ decisions reveal that their tax decisions are done with precaution and awareness of the economic environment, so that the rate can move in both directions. This still is not a reason to limit municipalities’ tax rate as was planned in the social and health care and mu-nicipality reform,” said Vice President of the Municipality Union, Timo Reina.
The average tax percent for next year will be 19.91. This will be 0.05 percent higher than last year. There are 580,000 Finns living in municipalities with increased tax rates. Lowered taxes will be enjoyed by 81,000 citizens. Altogether the municipalities next year will be collecting 45 million euros more tax revenue than this year.
