The Riga City Municipality grants real estate tax relief ranging from 25% to 90% to certain categories of taxpayers. The tax is administered by the Finance Department. More information on the granting of real estate tax relief is available here:
https://pip.riga.lv/visi-pakalpojumi/nin-atvieglojumi/.
The City Development Department draws attention to the fact that the following categories of taxpayers are also entitled to receive real estate tax relief, provided that they meet the conditions set out in Riga City Council Binding Regulation No. 109 of 15 December 2021 “On the Procedure for Granting Real Estate Tax Relief in Riga” (hereinafter – the Regulations):
- for historically contaminated areas that have been remediated;
- for buildings recognized as state-protected cultural monuments;
- for buildings recognized as historical buildings contributing cultural and historical value to the urban environment, for which a culturally and historically significant authentic façade has been determined;
- for buildings located within urban planning monuments, within the territory of the UNESCO World Heritage Site No. 852 “Historic Centre of Riga” and its protection zone, within the building protection territories specified in Annex 1 to the Riga Spatial Plan Use and Building Regulations, as well as for buildings included in the State List of Protected Cultural Monuments or recognized as buildings of cultural and historical value outside these territories;
- for land on which a new multi-apartment residential building, office building, or industrial building is under construction;
- for newly built single-family and two-apartment residential houses classified as nearly zero-energy buildings;
- for buildings constructed within projects recognized as priority investment projects by the Investment and Development Agency of Latvia;
- for newly built or fully renovated buildings awarded a BREEAM International New Construction, BREEAM Refurbishment and Fit-Out, LEED BD+C, or DGNB certificate with a score of at least 55%;
- for newly built multi-apartment residential buildings;
- for land on which a protected tree is located.
The City Development Department is involved in the evaluation of multiple categories (Sections 3.15, 3.16, 3.18, and 3.19 of the Regulations), where investors, developers, and property owners may qualify for significant tax relief on certain buildings depending on their historical value, preservation, and renovation efforts.
1. 25% Tax Relief applicable to buildings that are:
- State-protected cultural monuments, preserved and used according to regulatory requirements.
- Historical buildings with cultural and historical value in the urban environment, where an authentic façade has been maintained, and preservation complies with regulations within the Historic Centre of Riga and its protection zone.
The tax relief is granted to the taxpayer for two years, after which a new application must be submitted to continue receiving it.
2. Tax Relief for Renovation and Restoration Works for buildings located in national or regional urban planning monuments, architectural protection zones, or recognized as culturally and historically valuable outside these areas:
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For the precise list of eligible territories, see Paragraph 3.18 of the Binding Regulations No. 109.
Applications for tax relief must be submitted within three years of completing the construction works, and the relief is granted once every five years to the taxpayer.
3. Multi-apartment residential buildings or groups of apartments qualify for 90% real estate tax relief if full façade insulation is carried out after commissioning, with relief granted for up to ten consecutive tax years.
More information about the proceeding and terms: https://www.rdpad.lv/atbalsts-attistitajiem/nekustama-ipasuma-nodokla-atvieglojumi/