FEATURES OF THE ASSESSMENT OF THE CADASTRAL AND CLOSE TO THE MARKET CADASTRAL VALUE OF REAL ESTATE AND THEIR IMPACT ON THE FORMATION OF THE TAX ON THE EXAMPLE OF BUILDINGS AND STRUCTURES

Abstract

Until 2021, real estate valuation was carried out on the basis of cadastral valuation of real estate. Since January 1, 2021, real estate valuation is carried out on the basis of an approximate cadastral value of the market. The changes applied to the law had a number of significant impacts on the real estate valuation system, which in turn affected the increase in the real estate tax. The above mentioned changes formed the basis of this study. In our work, we paid attention only to the assessment of buildings and structures and the change in the cadastral value close to the market. The following changes have taken place in the valuation system close to the market cadastral value of real estate: the basic costs of buildings, structures and land plots have changed, the number of estimated territorial zones as well as their coefficients have increased, the areas of estimated territorial zones have changed. The study was conducted on the example of Yerevan, where the average apartment in all zones was evaluated.As a result of comparing the cadastral value and the cadastral value of real estate close to the market, a map of changes in the estimated territorial zones was compiled, where changes in the administrative units of Yerevan were highlighted.