TALLINN – The Cabinet on Thursday approved proposals of Minister of Public Administration Jaak Aab for the conduct of a valuation of land in Estonia in 2022.
Spokespeople for the Ministry of Finance said that as a result of valuation, the state, municipalities and private owners alike will get adequate information about the actual value of land.
"Land valuation will provide a relevant basis for the conduct of transactions involving land and the taxation of land. A limit will be set on the annual increase in the land tax and the tax exem...
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