Law No. X-233 on immovable property tax. Country/Territory Lithuania Document type Legislation Date 2005 (2008) Source FAO, FAOLEX Subject Land & soil Keyword Tax/levy Ownership Geographical area Europe, Europe and Central Asia, European Union Countries, Northern Europe Entry into force notes This Law enters into force on 1 January 2006. Abstract This Law establishes the modalities of application of immovable property tax. Objects of taxation for natural and legal persons shall be immovable property located on the national territory except for subsidiary small-holding, agricultural constructions, educational entities, fishing and engineering constructions (if they are not used for economic activity). Taxation period shall be one calendar year. Tax tariff shall be from 0.3 to 1 percent of tax value of immovable property. Full text Russian Website www3.lrs.lt