Law on Land Tax (No. I-2675). Country/Territory Lithuania Document type Legislation Date 1992 Source FAO, FAOLEX Subject Land & soil Keyword Land tenure Tax/levy Cultural heritage Geographical area Europe, Europe and Central Asia, European Union Countries, Northern Europe Abstract This Act makes provision for the taxation of ownership of private land. The annual rate of land tax shall be one and a half percent of the "cost" (not defined) of the land. In the case of forest land the value of trees shall not be included. Tax reliefs for land in protective forest belts and in natural monuments, as well as for land used for purposes of nature protection, shall be established by the Government of the Republic of Lithuania in coordination with the Department of Environmental Protection. Full text English Website www.tm.lt