However, in Amsterdam, the share of the property tax to total revenue is, in fact, substantially lower than the national average, the per capita property tax in 2015 was EUR 193, while the average for the Netherlands was EUR 216 per capita. Part of the explanation for this is that Amsterdam gains revenues from its ground lease system. In the financial statements from Amsterdam over 2015, the total net revenues from ground leases were EUR 236 million (Amsterdam, 2015). This is also explained by the city’s relatively low property tax rates.