<Li> The value of the property last tax year, altered by a growth / decline percentage . </Li> <P> Whichever of those two assessments is lower results in the base land value . This base land value is taxed at between 1.6 and 3.4% in 2013, although some individual properties may pay more or less . </P> <P> Proceeds from selling one's home - if there is any home equity (Danish: friværdi) - are not taxed, as the marginal tax rate on capital income from housing savings is around 0 percent . </P> <P> The local income tax varies from municipality to municipality . The highest local income tax in 2009 is 27.80% and the lowest is 22.70% . </P>

Denmark has the highest tax in the world