Antanavičius on the increased taxable property values: there will be more fairness

Some people have already checked the taxable value of their apartment, house, or other buildings and now know whether next year they will have to pay property tax on their only or main residence. A week ago, the Registry Center released a new valuation of all real estate in Lithuania. The values of apartments and houses have roughly doubled. Why such a jump? How will it affect housing affordability and rental prices? Will it become too expensive to own property on the coast or in major cities?

What will the increased commercial property values mean for residents? Discussing this are Lina Kanišauskienė, Head of the Property Valuation for State Needs Division at the Registry Center, and Arnoldas Antanavičius, Business Development Manager at Profitus and real estate market analyst.

Host: Irma Janauskaitė.

Watch the video: https://www.lrt.lt/mediateka/irasas/2000517085/antanavicius-apie-isaugusias-mokestines-busto-vertes-bus-daugiau-teisybes?srsltid=AfmBOorDz_xzkceVWWDpPbiEbiIIlavUhyPnji3dp_kZOfuNo0Luf-wq