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Real estate tax

relates to republic of Latvia

A property tax (or millage tax, or real-estate tax) is a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county/region, or a municipality. Multiple jurisdictions may tax the same property.

The real estate tax rate for land is 1,5% of cadastral value and it is the same for civil engineering structures. The rate for homes is 0,2%–0,6% depending on value.

Real estate tax by country

In every country property tax differs although they tend to be at similar level.

Latvia

The real estate tax rate for land is 1,5% of cadastral value and it is the same for civil engineering structures. The rate for homes is 0,2%–0,6% depending on value.

This page was last modified on 18 January 2018 at 05:53.

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