Theoretical cost of real estate and natural resources as a tax base

Abstract

It is proposed to introduce another indicator instead of the current cadastral value as a taxable base for property taxes and land tax - the theoretical value of real estate and natural resources. The theoretical value has a fundamentally different basis compared to the cadastral value. The theoretical cost is based mathematically on the Euler L. formula, which is used to obtain a continuous closed relief of the economic potentials of the territory. The theoretical value has many advantages over the cadastral value as a basis for calculating property taxes, because it becomes more objective (reliable) due to the digitalization of the process of the tax base, and when forming the budget allows the state, without losing income, to observe the principle of social justice, to introduce artificial intelligence into the system.