Russia's State Duma (lower house of parliament) is currently considering Bill No. 660579-7, which would provide for a temporary reduction in the maximum property tax rate on immovable property from 2.0% to 1.5%. The rate applies on the cadastral value of properties and varies by region, subject to the set maximum. If approved, the 1.5% maximum would apply for 2019, 2020, and 2021.