IMPROVEMENT OF MUNICIPAL POLICY ON REAL ESTATE TAXATION MANAGEMENT

Abstract

The ongoing reform of Russia's tax system is aimed to solve the problem of filling local budgets and increase the efficiency of the local issues solution. The key idea of the reform is the transition to the taxation of real estate based on its cadastral value, which is in contrast to the inventory value, used before, as close to the market value. The paper presents a comparative analysis of the market and the cadastral value of real estate as an example of the housing market in Rostov-on-Don. Calculations made by the author demonstrate the discrepancy of this kind of value; it proves the need to improve the mass appraisal of real estate methods and price adjustments.