Obwalden Set to Vote on Property Tax Reform Amidst Rising Real Estate Values
On November 24, Obwalden will vote on proposed reforms to property taxes, responding to disparities in taxation amidst rising real estate prices. While property values have increased significantly over the past 20 years, their tax assessments have remained virtually unchanged. This will lead to increased tax burdens for approximately 80% of property owners, despite officials arguing that it is not a tax increase since the tax rate remains the same. The reform aims to address unfairness in the system, notably placing more pressure on tenants, and is supported by all political parties in the region.