Formation of indicators of normative monetary valuation of industrial lands under influence of location factor

Abstract

Industrial lands occupy minor area in the structure of the land fund of Ukraine (less than 1%), but perform a very important function - act as a basis for the placement of the production means. The normative monetary valuation of industrial lands is carried out in accordance with the Methodology of normative monetary valuation of non-agricultural lands (except for settlements) [1] and the Procedure for normative monetary valuation of non-agricultural lands (except for settlements) [2] and takes into account the metric characteristics of the land plots: (its area), rental income per unit area of the relevant category of land, capitalization period, coefficients that take into account the location, type of use and coefficient that takes into account the land belonging to the lands of environmental, health, recreational, historical and cultural purposes. The article examines the impact of the coefficients that take into account the regional and local location of the land plot on the indicators of the normative monetary valuation of the industrial lands. The calculations on the normative monetary valuation of the industrial land plots located on the territory of one cadastral quarter have been made. It has been established that the indicators of the normative monetary valuation of the industrial land plots located on the territory of the given cadastral quarter are influenced only by the area of the land plot. The valuation indicators do not take into account the local features of the location of a specific land plot. This has advantages in terms of automation of the valuation process of the objects and allows avoiding the subjective interpretation of the manifestation of the local factors on a particular land by the valuator, but makes it impossible to take into account the peculiarities of each specific land plot.