Property valuation of ports
Chapter 3 of the Property Assessment Act contains rules for which properties can be - fully or partially - exempted from assessment.
The main rule - traffic installations for public transport do not need to be assessed
The relevant provision for ports is found in section 9(1)(3) of the Property Assessment Act, according to which areas used as traffic facilities for the use of public transport, including freight traffic, are not to be assessed.
According to this provision, the following areas and buildings may be exempted:
- Port areas, which means the quay itself with associated passenger terminals, docking bays and access and exit facilities.
- Freight terminals, crane facilities and similar with associated quay facilities for handling freight traffic, as well as access and exit areas when the facilities in question serve independent carriers.
- Administration buildings, workshop buildings and other facilities located in the port area and used in direct connection with the public traffic purposes.
Exceptions - intended for use by individual companies etc.
Port installations or facilities that are intended for use by a single company or a predefined group of companies are not covered by the exemption. For example, a facility intended to serve a power plant, oil refinery, shipyard or feed mill.
It is essential that the land and buildings must be located within the port area - if they are located outside the port area, they will be assessed in the same way as other similar land, regardless of connection to and ownership of the port.
