Value Property

The major ones include the following: 1. Property taxes should be carried out in statutory percentage of market value, but not exceed it (to reduce the number of appeals), 2. appraisal of real property should be dealt with independently of the state estimators, good knowledge of local market real estate 3. methods for calculating the value of the property for tax purposes must be sufficiently simple and clear to taxpayers, the calculation results are verifiable; 4. specifications of real estate and rights to them must be observed and recorded in a special register 5. transaction prices of real estate should be mandatory and declared be available for assessment procedures 6. real estate tax must enroll in the local budgets, and the funds should be spent primarily on improving physical infrastructure, 7. population should exercise effective control over the expenditure of these funds through the elected local authorities; 8.

specific rates of property taxation and the size of benefits to this tax shall be determined by elected local authorities; 9. Property taxation of individuals and entities should be carried out on common principles and rates; 10. the federal government should implement a common methodological software process assessment and administration of property tax in order to meet common principles of taxation throughout the country. These conditions are the minimum necessary to ensure that tax is perceived as just and necessary. In this case, property owners will be able to see that the money received from the tax are spent on improving the local physical infrastructure (roads, utility networks, sewage treatment facilities, utilities, landscaping, etc.), which in turn should lead to higher market value.