Structural analysis of the cadastrial value of land plots in settlements on the example of the Kabardino-Balkarian Republic

Abstract

The structure of the cadastral value, as a fact of the taxable base, has been studied, and an optimal approach has been developed for assessing the value of a land plot within a settlement in order to achieve a balance between the tax rate and the normal financing of local budgets, ensuring the most accurate determination of the tax base, which is the most important condition for improving the quality of control of tax legislation . The article presents an analysis of the structure of the cadastral value, which is the value in use, while it is predetermined by the usefulness of the real estate object, reflecting certain operational capabilities of the object for a particular owner, not associated with the sale and other market transactions. According to the guidelines, the valuation method used by the appraisal budgetary organization is based on the market value, which is characterized by the ability of real estate to be exchanged for money and goods. The determination of the cadastral value is carried out according to similar characteristics of the sale and purchase and is determined as the average market price of a typical object, built on a generalization of the market prices of real estate objects within the selected price zones. Contradictions in the practice of determining the value of land predetermine the need to develop proposals and recommendations for reducing the unit of the tax base within the framework of the minimum value for a settlement when determining the cadastral value of a land plot.