Property
Latvia — Property: Property Taxes
Latvian real estate tax is levied by municipalities at 0.2%-3% of cadastral value, with a statutory 1.5% default and progressive 0.2%/0.4%/0.6% rates for dwelling houses.
VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries – Latvia corporate: other taxesLast reviewed: 2026-10-26
Why this matters
Understanding property taxes is crucial for budgeting and compliance, as failure to pay can result in legal penalties.
Key facts
- Municipal real estate tax rates range from 0.2% to 3%; the statutory standard rate is 1.5% of cadastral value.
- Dwelling houses are taxed progressively on cadastral value: 0.2% up to EUR 56,915, 0.4% from EUR 56,915 to EUR 106,715 and 0.6% above.
- Rates above 1.5% can apply to buildings not maintained to requirements; buildings under construction after the permitted period face 3%.
- If a municipality does not announce rates by 1 November before the tax period, statutory rates apply.
- A 50% relief applies to qualifying new or fully renovated buildings delivered after 2023 with recognised green certification.