Rental value

The amount paid by the highest bidder as if the property were temporarily for rent.

Appraisal foreclosure value, unencumbered by tenancy or occupation

The amount brought in by the forced public sale of a house. Usually this happens when the mortgage is not repaid. When applying for a mortgage, financiers want to know this value. This is less than the fair market (or private sale) value. The appraisal foreclosure value will be about 90% of the fair market value.

Appraisal foreclosure value in rented state

The amount a house will bring in at a forced public sale, if in rented state.

Forced private sale value, unencumbered by tenancy or occupation

The value of a house when it is to be sold privately within a limited timeframe. The house is not rented or occupied, meaning there aren’t any tenants.

Forced private sale value in rented state

The value of a house when it is to be sold privately within a limited timeframe. The house is occupied by tenants.

Reconstruction value

The reconstruction value of a house is the amount of money necessary for rebuilding the insured property, immediately after the catastrophe, in the same location and with the same purpose of use. This value also depends on added "components" such as a new kitchen or bathroom. The reconstruction value can be inclusive or exclusive of foundations and is based solely on the structures.

For apartments, no reconstruction value is considered. This is because their value cannot be separated from that of the other apartments in the building. Apartments are generally insured via an owners’ association.

Private sale value, unencumbered by tenancy or occupation

Also called fair market value. The value of a house when sold under normal circumstances. The house is not rented or occupied, meaning there aren’t any tenants.

Private sale value in rented state

The value of a house when sold under normal circumstances, meaning that it is occupied by tenants.

Fair market value, unencumbered by tenancy or occupation

Also called private sale value. The value of a house when sold under normal circumstances. The house is not rented or occupied, meaning there aren’t any tenants.

Value in leased state

The amount paid by the highest bidder as if there were a long lease on the property as described in the Dutch Leasing Act (Pachtwet).

WOZ value

The WOZ value (Valuation of Immovable Property Act) is the value of your house that is of importance to the tax authorities. They need to know the economical value of your house to establish the capital levy and rental value forfeit. They also need this value for various other taxations, such as property tax, the deemed home ownership value and the levies for the district water board.