After the Constitutional Court approved a change to real estate tax codes last fall, real estate tax revenue dipped by a third from more than €1.5 million to half a million.
Residential apartments in Vilnius
© DELFI / Mindaugas Ažušilis

The changes passed by the court indicated that real estate tax deductibles must be applied to individuals rather than to general family wealth. Two years ago, almost 1,800 individuals and families paid real estate taxes, while a few more than 1,000 paid for the last year.

According to Verslo Žinios, this is the number of people in Lithuania that control real estate worth more than €220,000.

The largest single sum paid for real estate in 2014 was almost €20,000, while the largest paid for last year was little more than €8,000.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed...

LMT presents three digital service innovations at Baltic Mobile Congress

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service...

CERN is considering the possibility of establishing business incubation centre

Last week, CERN delegation paid a visit to Kaunas University of Technology (KTU) Santaka Valley. The...

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...