As you know, under standard procedure, property tax is paid quarterly. That is, you need to make four payments - by March 31, May 15, August 15, and November 15.
Due to the pandemic, in 2020 and 2021 it was allowed to pay taxes later. The main rule was that the tax had to be paid by the end of the year.
Consequently, no penalties were charged if quarterly payments were made late.
Since the pandemic is not yet over, the Latvian Parliament supported a bill to extend these benefits to 2022 as well.
Therefore, you have several options for paying property tax this year. You can pay quarterly. You can pay quarterly, but with extended deadlines (each municipality sets these deadlines at its discretion). You can make a single payment at the end of the year.
Please note - failure to pay property tax can have very serious consequences, including property seizure!
If you want 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 find a suitable property for you, answer all your questions, draw your attention to important details, complete the transaction, arrange your residence permit, and manage your property.
For more detailed information about obtaining a residence permit in Latvia, see here in different sections.
Have questions? We await your letter or call!
Phone number: +371 29774775 (Viber, WhatsApp)
Email: info@kominvest.com