In Jurmala, an increased tax rate will be applied to buildings not completed on time

From January 1, 2024, the increased rate of real estate tax in the amount of 3% will be applied in Jūrmala for buildings whose construction exceeds the total duration of construction work specified in the regulatory acts.

This is foreseen by the amendments adopted by the Jūrmala City Council to the binding regulations “On real estate tax in Jūrmala”.

Taking into account that real estate owners need time to organize their properties and documentation in accordance with the procedures established in the laws and regulations, the increased tax rate will start to be applied from 2024.

According to the data collected by the City Planning Board, the duration of construction works has been exceeded for more than 1,500 buildings.

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