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Property valuation of real estate is a special type of valuation exertion aimed at establishing the value of a property. This process is extremely important for the state, since it’s this value that acts as a taxable base when collecting colorful property levies. Only specialists- Property masterminds- can determine the cost.
still, also a cadastral valuation involves establishing a value that will be taken into account for a long time, If a real estate request valuation is carried out to determine the exact price of an object at a particular moment.
It’s important to note that recent legislative changes have also affected the frequence of assessments. Now it’ll be carried out every 4 times in utmost regions and 2 times in civil metropolises.
It’s also possible to conduct an extraordinary assessment before the expiration of the specified period. The reason for this is a drop in the real estate request indicator( fall in prices in a particular subject) by 30 or further. New results will be approved only if they don’t exceed the living bones . In other words, within the frame of an extraordinary assessment on this base, only a drop in the cadastral value is possible.
Another reason for an extraordinary procedure is the disputation of the results of the cadastral value on the base of establishing a request price for 30 or further of real estate.