In the Master‘s thesis, the procedure and problems of real estate taxation in Lithuanian and other EU member states have been analyzed and assessed. The attention was mostly paid to the comparative analysis of regulation of real estate tax, determination of taxable value and discovery of theoretical aspects of application of ad valorem real estate tax. The first section of the Master‘s thesis deals with discussion of the development stages of real estate tax, specification of advantages and disadvantages of real estate tax and distinguishing of specific features of this tax. The second section contains the detailed analysis of regulation of real estate tax and possibilities of global application of real estate tax in Lithuania. The third section of the paper analyzes the methods of determination of taxable value of real estate, their advantages and disadvantages and the problems of determination of taxable value in some EU member states.

Raktažodžiai: real estate, real estate taxation, massive and individual property valuation, market value of real estate