Use of old property values extended: what does this mean for social benefits?

The Slovenian government has opted to extend the use of outdated property valuations for calculating social benefits, a decision that will impact various welfare programs until early 2028. This move aims to maintain the current assessment basis for financial aid, preventing potential reductions for recipients.

Under the proposed changes to the mass property valuation law, centers for social work will continue to use generalized market values of real estate determined as of March 2020. This applies to decisions regarding child allowances, social assistance, scholarships, and kindergarten subsidies. The extension is intended to provide stability for individuals and families relying on these public funds.

The government finalized the text of the proposed amendment during its recent session. If approved by the National Assembly, the new regulations will be in effect until January 31, 2028. This extension effectively postpones the implementation of updated property valuations for social transfer calculations, offering a temporary reprieve from potential changes in benefit amounts tied to fluctuating property market values.