For several years now, the Latvian government has been discussing how to properly calculate real estate tax.
Several models of cadastral value and tax rates were discussed.
Ultimately, it was decided to make no changes until 2025.
As the government explains, "Until the majority in the Saeima and the government reach an agreement on a comprehensive review of the real estate taxation system that would ensure a fair and acceptable tax burden for citizens and entrepreneurs, an increase in cadastral value is not permitted.
The cadastral value base in Latvia is used to calculate real estate tax. It is planned that the new base for 2025-2028 will be approved by June 30, 2023."
The government's decision means that for individuals and entrepreneurs, real estate tax will not change until 2025.
If you wish to purchase any good real estate property, and individual attention is important to you, if you want to communicate with a real estate agent and lawyer in your native language, then contact our company KOM-INVEST! We will be happy to select a suitable property, answer all your questions, point out important details, arrange the transaction, arrange your residence permit, and manage your real estate.
For more detailed information about obtaining a residence permit in Latvia, see here in different sections.
Have questions? We look forward to your email or call!
Phone number: +371 29774775 (Viber, WhatsApp)
Email: info@kominvest.com