Government to Develop New Valuation of Land ({{commentsTotal}})

Business
Business

The Land Board is currently working out a methodology in order to carry out a new valuation of Estonia’s land, as the government’s last appraisal took place in 2001.

To show the vast price increases that have taken place in recent years, Minister of Agriculture Helir-Valdor Seeder pointed out that the going rate for agricultural land in 2009 was 800 euros per hectare, compared with 1,300 euros per hectare in 2012, reported ERR radio.

But whether the increased value would reflect higher land tax rates is a political question, said Seeder.

"My message today is not that we will implement higher land tax rates. Perhaps one reason valuation has not been carried out recently is precisely the fact that there was no desire to raise the land tax,” Seeder said.

"I believe it should at least be clarified what the land’s real value is according to the appraisal," he said.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.