As the real estate tax, land cadastral value and rent charge of land increase, the contradictions in situations of divided real estates have intensified due to mistakes made while reforms of land and privatization took place years ago. In Latvia divided ownership rights are regulated by law “About reform of land in the cities of the Republic of Latvia”, and law “About reform of land in the countryside of the Republic of Latvia”, and regulations of the Cabinet of Ministers No.735 “Terms about national and municipal land rent”. Although in the field of real estate valuation discussions constantly take place and new solutions are being researched regarding the cases of valuation of divided ownership rights, however opinions of various experts still differ and the viewpoint of the Association of Real Estate Valuation in Latvia is disunited. In cases of divided ownership rights in Latvia lack unified real estate valuation system, so the real estate evaluators in Latvia in their work depend on their own experience and subjective point of view.