The shift to cadastral valuation of land marks a potentially significant watershed in the development of Russian fiscal systems, in the growth of private land markets, and in the evolution of the finances of local units of self-government. This shift is particularly significant for local government units because the land tax has been designated as the major source of revenue for them. This article explains how this new assessment system works and provides some observations about its potential effects.
Valuation of Land
Mikesell, J. L., Zorn, K. C., & Krupa, O. (2007). Cadastral valuation for the land tax in the Russian Federation: the new market-informed valuation system. Journal of Property Tax Assessment & Administration, 4(3), 13-22. Retrieved from https://researchexchange.iaao.org/jptaa/vol4/iss3/2