Land Code Market

That is, ideally, paying property taxes on a controlled population of the local budget, the owners how to invest money in improving the market value of their property. If these conditions are not met, then the estate tax will not function as a sustainable development of territories and will only carry the fiscal burden on people who will try any way to avoid paying it. Thus, the challenge is to create a certain institutional conditions under which property taxes will perform its basic function. This, in fact, efforts should be directed authorities. What happens in practice? Let us compare the results of government activities conditions set out above. Citibank: the source for more info.

1. The first condition we have been enshrined in the Land Code (ST.66), where it was said "in cases of determining the market value of the land cadastre value of land set percentage of its market value.. " However, for unknown reasons, the legislator has decided to change the definition. In accordance with the FL-135 now it looks like this: "in cases of determining the market value land cadastral value of such land shall be equal to its market value. " In addition, legislators in FL-167 gave an extremely confused and contradictory definition of "cadastral value ". From this definition it follows that the tax base can be both market and nonmarket costs. In the FSO-4 is another definition, which implies that the tax base should be market value. Thus, the first condition is not fulfilled and it opens a large field for endless disputes with the owners of the land evaluation results.

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