Assessment of land in 2022

The assessment of land is a mass assessment, in the course of which the market-based value of each plot of land, i.e. the taxable price of land, is found by analysing real estate transactions and land-related data using statistical valuation methods. Valuation of all 753,000 cadastral units takes place. Only land is valued, growing forests and buildings are not valued.

Previous assessments took place in 1993, 1996, and 2001. In the 20 years since the last assessment, the market value of land has increased many times over. The law provides for smoothing mechanisms to prevent the exponential impact of the assessment on land tax and railway infrastructure charges. The valuation of land is performed by the Land Board in cooperation with professional property valuator in the land valuation information system on the basis of a common methodology.

The assessment information system is not a new database, but a complex price calculator that uses data from other databases (especially the land cadastre) and calculates the value as a result of the analysis.

The valuation methodology is developed by the Land Board in cooperation with professional real estate valuators, statistical experts, and experts in various fields, including external experts. Development of the evaluation methodology began in the summer of 2020; in the second half of 2021, a test evaluation will be carried out.

The results of the valuation shall be made public by 31 October 2022 at the latest and shall take effect on 31 December of the evaluation year.

An example how the Land Board will display the value of the whole of Estonia after the assessment. The map is illustrative, obtained by testing the evaluation models in the spring of 2021.

Last updated: 09.11.2021