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Lithuania: Personal Taxation

Property Taxes

There is an annual tax on immoveable property of between 0.3% and 1% of taxable value. The rate of tax is set annually by municipalities within this range.

“Taxable value” is calculated by reference to market value, using a system of classification of different types of property. Individuals can sometimes apply for an individual valuation.

The tax is due by the end of January of the year following the tax year in question.

There is also a tax on land amounting to 1.5% of value.



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