More than a quarter did not pay the real estate tax: the STI will calculate the default interest after the quarantine is over

By 2020, more than 14.4 thousand people filed the so-called luxury real estate tax return. population that declared more than 5.1 million. Latest ITS data show.

STI is still waiting for 5.8 thousand. population returns, your reportable amount of real estate tax is approximately 1.4 million. 241 euros on average.

There are still debts even for 2019: 410 residents did not file property tax returns, their potentially taxable amount is about 214 thousand. 522 euros on average.

“Real estate tax return for 2020. The tax period had to be filed and the declared tax paid before December 15, 2020,” reported Stasė Aliukonytė-Šnirienė, Director of the Tax Liability Department of the STI.

In accordance with the current provisions of the Tax Administration Law, the tax can be calculated or recalculated for the current calendar year and the previous three.

“Interest on late payment is charged if the return is not filed on time. Reminders are sent to residents to submit a return or other documents to justify that there is no obligation to report. If the return or other documents are not filed within the period specified in the reminder, the STI will make alternative returns to residents according to the available data and will calculate the tax to be paid. However, this does not exempt the taxpayer from the obligation to calculate the tax in accordance with the procedure established by Law. Tax and submit a real estate tax return to the tax administrator ”, says S. Aliukonytė – Šnirienė.

The tax is levied on those properties whose value exceeds 150 thousand per capita. euros.

A pandemic can be covered

Due to the pandemic, residents who are not self-employed are automatically subject to tax relief measures.

“They will be exempt from late payment interest for the period from 2020 onwards. March 16 until 2021 They will not be subject to any new action to recover tax arrears derived from 2020 until June 30, 2010. March 16 until 2021 30 April Until this meter April 30, the latter can request it from the tax administrator and enter into an interest-free tax loan contract ”, explains S. Aliukonytė – Šnirienė.

Individual support measures apply to the self-employed.

“Please note that residents may also submit additional documents (eg” Center of Records “excerpts on registered joint property, lease agreement proving that the property has been leased to a business, etc.), which may eliminate the obligation to declare property tax. “, – informs the STI representative.

Who is subject to the luxury real estate tax?

The property tax is paid by the owners of the object and this tax is calculated for each resident separately for all or part of the property they own.

The tax-free value of the property is 150 thousand. it applies to each person individually. If the property has a higher value, then the excess is taxes.

2020 for the tax period, the 2016-2020 mass appraisal is valid. determined tax value.

For the part of the value of the property from 150 to 300 thousand. 0.5 percent applies. tax rate, from 300 to 500 thousand. – 1 percent duty. And more than 500 thousand. The value of the real estate is taxed at 2%. Tax rate.

It is true that the highest tax-free value applies to people who are raising three or more children under the age of 18 or who are raising a disabled child.

Real estate is considered joint property of the spouses when the legal fact: the joint property of the spouses is registered in the real estate registry. If the joint property is not registered, the property is considered to belong to one of the spouses by personal property rights and the property tax is calculated only for that person, explains the STI.

The real estate tax free amount and the progressive real estate tax calculation applies to the tax value of residential buildings, gardens, garages, farms, greenhouses, farms, ancillary farms, scientific, religious, recreational (local) structures, fishing and engineering structures.

“Generally speaking, the progressive rate of the property tax is applied to the total value of the mentioned real estate objects that are owned by the resident,” says S. Aliukonytė – Šnirienė.

When the value of taxable real property has not changed during the tax period, real property tax is calculated by multiplying the taxable value of real property by the real property tax rate. If the value of the taxable real property has changed during the tax period, the real property tax is calculated by adding all the tax amounts calculated within the 12 months.

The resident must indicate the total value of the property in the declaration, indicate the applicable tax-free amount and the tax is calculated automatically.