Estonia land value increases to 44.1 billion euros

According to the Estonian Land and Space Board, the total value of land in Estonia has risen from 33.2 billion euros in 2022 to 44.1 billion euros. The regular valuation process assessed approximately 780,000 cadastral units, with land values increasing in 96 percent of the units evaluated.

Growth was most significant in the regions of Tallinn and Tartu, while the highest percentage increases among counties were recorded in Rapla (43.2 percent), Lääne (42.1 percent), and Võru (41.7 percent).

These new valuation results will be used to calculate land taxes starting in 2028. However, officials note that an increase in land value does not automatically result in a proportional rise in land tax. The final tax burden depends on several factors, including local government tax rates, annual increase limits, and available tax exemptions or discounts. For example, Lääneranna municipality has established an annual land tax increase limit of 10 percent starting in 2026 to mitigate sudden tax hikes.