Daily: Property Tax Expected to Soar in Coming Years

(Photo: PA Images/Scanpix)
3/24/2014 12:20 PM
Category: Economy

Property tax is currently assessed according to real estate appraisals dating from 2001, but in a few years, the rates are expected to jump.

Depending on the municipality and the zoning of the plot, it currently ranges from 0.1 to 2.5 percent of land value, writes Eesti Päevaleht.

Environment Minister Keit Pentus-Rosimannus said there will be no more waves of countrywide appraisals, and land value and price will be determined on the open market on a day-to-day basis, not by a separate bureaucratic procedure.

That doesn't mean that tax rates will necessarily rise, as municipalities have the power to set ceilings on property tax rate. But many local governments, chronically tight on cash, could see it as a tempting revenue source, writes the daily.

Currently up to 1,500 square meters of land under a primary home are property tax-exempt. Some municipalities also grant exemptions to pensioners and people who suffered Soviet-era repressions.


The name field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 1024 characters
{{error}}

Message forwarded to the editor

This Ip-address has limited access

See also

There are no comments yet. Be the first!

Reply to comment

+{{childComment.ReplyToName}}:
Reply to comment
Reply

Laadi juurde ({{take2}})
The name field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 1024 characters
{{error}}
Add new comment