Real estate taxation system on the basis of market value in Latvia
Kapostins, Edvins
The main tasks of real estate taxation in Latvia are to provide enforcement of the fiscal interests of the state and the promotion of real estate development. During the years 1991-1998 two kinds of taxes regarding real estate: a property tax (1991) and land tax (1998). The real estate tax (1998) is now the only law in force regarding taxation of immovable property. The law on property yax was cancelled in 2000. Buildings and premises taxed by property tax are now objects of real estate tax.
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