Cadastral revaluation and real estate tax increase

The cadastral value is determined by the state. It determines the amount of taxes, the cost of rent and fines. Starting from January 2024, new data on the cadastral value of real estate objects are applied when calculating taxes. And, since the figures approved back in 2012 appeared earlier, it may seem that the tax burden has increased significantly. Nevertheless, experts emphasize that in the bulk of tax notifications, the cadastral value corresponds to the market value. But the list of real estate objects to which the new rules apply has expanded significantly. Complicating the situation is that all regional municipalities have set the maximum allowable interest rate. And due to this, there was an explosive jump in value for individual taxpayers.

It should be noted that today cadastral valuation is carried out in a mass way, that is, they do not focus on a specific real estate object. Accordingly, errors in calculations often occur. But the owners have the right to challenge the results of the cadastral assessment. Moreover, there is a special commission that considers controversial issues.