Latvia Wealth & Property Tax
Detailed wealth & property tax rates and rules for Latvia in 2026.
Wealth Tax
Latvia does not levy a wealth tax.
Wealth Tax Rate
0%
Inheritance / Estate Tax
Latvia does not levy inheritance or gift tax for close relatives (spouse, children, parents, grandparents, grandchildren, siblings). Inheritance by other persons is subject to income tax at the applicable rate.
Top Rate
0%
Property Tax
Latvia levies an annual real estate tax (nekustamā īpašuma nodoklis) of 0.2-3% of the cadastral value, depending on the property type and municipal decisions. Residential properties are taxed at 0.2-0.6%. Land is taxed at 1.5% of cadastral value. Agricultural land has reduced rates.
How Latvia Wealth Tax compares
Latvia does not tax net wealth. 191 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
