Municipality

Tax Burden in Övertorneå Municipality

Övertorneå municipality, located in Norrbotten County, has a municipal tax rate of 21.75%, a county tax rate of 11.34%, and a burial fee of 0.28%. For those who are members of the Swedish Church, an additional church fee of 1.27% applies. The total tax burden excluding the church fee is thus 33.09%.

Use of Tax Revenues

Tax revenues in Övertorneå municipality are used to finance a range of important societal functions. A large part of the budget goes towards education and childcare, including primary schools, high schools, and preschools. Social services, which encompass elderly care, support for disabled individuals, and financial assistance, are also significant expenditures for the municipality. Additionally, some of the tax revenues are allocated to infrastructure, culture and recreational activities, as well as environmental and health protection.

Economic Challenges and Opportunities

Övertorneå municipality faces several economic challenges. An aging population means increased costs for elderly care and healthcare. Moreover, the outmigration of young people to larger cities can reduce the tax base and thus the municipality's revenues. At the same time, there are opportunities to develop tourism and entrepreneurship, which can contribute to strengthening the local economy.

Standard of Living and Quality

The standard of living in Övertorneå is generally good. The municipality offers a safe and nature-close environment with good access to basic societal services. The quality of the municipality's schools and elderly care has received positive reviews, and there is a wide range of recreational activities for both young and old. However, the high tax burden may impact individuals' finances, potentially resulting in some households having less disposable income after taxes.

Individuals' Finances

For individuals in Övertorneå, the total tax burden of 33.09% means a significant portion of their income goes towards taxes. For those who are members of the Swedish Church, the total tax burden becomes 34.36%. This can affect how much money is left for consumption and savings. To gain a better understanding of how much remains after taxes, you can use our tax calculator, which computes the net salary based on the gross income provided.

In conclusion, Övertorneå municipality offers a good standard of living and high quality services, but the high tax burden may impact households' finances. It is important for the municipality to balance its expenditures and revenues to continue providing high-quality services while addressing the economic challenges.