This year, three times as many residents will have to pay property taxes

The State Tax Inspection (STI) estimates that last year some 5,000 people had the obligation to declare property tax. population, and this year there will be 16.7 thousand. T. and. 3.3 times more.

According to preliminary data from the STI, this year the population will be estimated at about 6.7 million. Amount to pay in euros. Last year, residents had to pay 2.7 million. EUR, that is, 2.5 times less.

Residents who have declared and paid property tax for the 2020 tax period must have it before December 15 of this year. This is not yet possible.

According to the latest data, according to the property tax returns filed for the 2019 tax period, almost 4.4 thousand. the population paid about 2.5 million. euro tax.

As recalled by Stasė Aliukonytė-Šnirienė, Director of STI’s Tax Liability Department, the tax-free limit for real estate in 2019 was 220 thousand. EUR, and in 2020 there are 150 thousand. euros.

“Individuals raising three or more (adopted) children under the age of 18 and individuals raising one disabled (adopted) child under 18, as well as one older disabled child (adopted) with a special need for permanent care, limit free of taxes on real estate in 2019 it was – 286 thousand, and in 2020 – 200 thousand euro ”, he added.

Em. see you.

“Generally speaking, the progressive property tax rate is applied to the total value of such resident-owned real estate,” he said.

Additionally, multiple rates may and do apply to the same facility.

“T. and. when the part of the value of the object exceeds 150 thousand. EUR, but not more than 300 thousand. 0.5% will be applied. Tax rate.

For the top 300 thousand. EUR, but not more than 500 thousand. 1% EUR will be applied. Tax rate;

And for the part of the value greater than 500 thousand. 2% applies. tax rate ”, – taught S. Aliukonytė-Šnirienė.

People who have three or more (adopted) children under the age of 18 and people who are raising a disabled (adopted) child under the age of 18, as well as an older disabled (adopted) child who has a special need for permanent care. for the part of the real estate acquired that exceeds the values ​​of 200 thousand LTL. EUR, but not more than 390 thousand. 0.5% will be applied. Tax rate.

At that time, for the part of the value greater than 390 thousand. EUR, but not to exceed 650 thousand. 1% applies. Tax rate. And for the part of the value greater than 650 thousand. 2% EUR will apply. Tax rate.

According to the STI, this year 12.5 thousand will pay the property tax. population, whose real estate value falls to 150-220 thousand. Euro range. They could potentially be estimated at around 1.7 million. Amount to pay in euros.

Last year, about 3.6 thousand. The value of property owned by the population was between 220 and 300 thousand, and they were subject to 0.5 percent. Tax rate. The estimated amount to be paid is about 436 thousand. euros.