Taxes in Europe Database v2
Law on land tax, No. I-2675, adopted by Supreme Council (Reconstituent Seimas) of Republic of Lithuania in 1992/06/25.
The territory of the Republic of Lithuania.
Owners of private land are liable to land taxation.
The object of land tax is private land, except forest land.
Tax base is the average market value of the land, which established for the period of 5 years by massive appraisal. The average market value of the land is calculated according to the procedure established by the Government of the Republic of Lithuania. According to the government regulation the value reduction coefficient of 0.35 applies to the land of agricultural nature.
Land owned by diplomatic and consular missions of foreign states,land of Bank of Lithuania and land of bankrupt companies are exempt from tax. The exemption also applies to land-owners, whose total land tax sum for all land owned does not exceed 2 EUR.
Land tax exemptions also are applied to:
Land tax exemptions also are applied to disabled land-owners, old-age pensioners and minors, provided that at the beginning of the taxation period there are no persons capable of work in the families of said land owners, and provided that the size of the land plot owned by them does not exceed the tax exempt area of land established by municipal councils.
Municipal councils have the right to reduce the amount of land tax or grant exemption from the payment of land tax compensating sums from their respective budgets.
Starting from 1 January 2013 the annual tax rate set the municipal councils and it can vary from 0.01 up to 4 percent of the market value of the land.
Tax is calculated and tax declarations are filled in and issued by territorial State Tax Inspectorates by 1 November of each year and the term for payment of land tax is 15 November of the same year.
State Tax Inspectorate.