Cadastral valuation of real estate

Cadastral valuation of real estate will now be more economically feasible, and any correction of errors will be done in favor of the owner ⠀

Real estate owners often have questions and complaints about the cadastral valuation of real estate. Sometimes it’s just not clear where such figures come from, and why the cadastral value of a house is higher than the market value. ⠀


🗣 How to dispute this? Or since they have already accrued, did the train leave? ⠀

The train didn’t leave: the government approved the draft law “On Amending Certain Legislative Acts of the Russian Federation in Improving the State Cadastral Assessment.” »

🕵 The task of the document is to make the cadastral value understandable, transparent and economically sound. Situations where the cadastral value of one house is twice as high as that of another, exactly the same, standing next door in about the same plot, should be a thing of the past. ⠀

The bill spells out what to do when identifying errors in the cadastral valuation made in previous years. ⠀

⭐ If mistakes were made in estimating the cadastral value, they will be corrected in favor of the property owner. ⠀
If, after the correction of the error, the cadastral value of the housing becomes lower, then it will be recalculated from the date the erroneous value was applied; ⠀
If, after the error is corrected, the cadastral value becomes larger, then the bill prohibits applying it retrospectively, only from the new tax period. ⠀

Dmitry Medvedev ⠀
Chairman of the Government of the Russian Federation ⠀
🗣 Changing the cost results before their approval will be possible only after public review. This procedure will become more transparent. ⠀

Another point that homeowners need to pay attention to: since 2022, a single cadastral valuation date is introduced - once every four years. In cities of federal significance - once every two years (the decision on the date of the assessment will be made by the municipal authorities). The authors of the bill believe that it will be convenient for citizens who own real estate in different regions. ⠀

Heads of state organizations involved in cadastral valuation will now be personally responsible for its quality.

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