Realization a new system of taxation will be carried out in stages over four years. In 2017, property taxation according to the cadastral value will affect commercial real estate with an area of more than 5 thousand square meters and natural persons. The following years - for commercial real estate - more than 3 thousand square meters, 1 thousand square meters.
According to Ministry of Finance Krasnodar region Sergey Maksimenko a tax rate will be set at a rate of 0.1 to 0.3% of the cadastral valuation, depending on the decision of the municipal authorities. Krasnodar authorities plan to increase budget revenues by 300 million rubles due to new tax calculation of real estate according to the cadastral valuation.
During preparation of the draft law in the region, Roman Dyakov, the head of the land and town planning practice of the National Law Company “Mitra”, told Expert South that the cadastral value of real estate is higher than the market value, but it can be challenged in a special commission and in court. The cost of revaluing the cadastral value in any case will be lower than the cost of tax calculations, rent or purchase of real estate. "An exception is a small business for which revaluation costs and expenses for tax calculations and rent can be equal," Roman Dyakov commented.
The Department of Property Relations of the Krasnodar region explains why the cadastral valuation of real estate is higher than the market value: "Such difference occurs because the cadastral valuation is carried out massively and does not take into account some individual characteristics of an object."
Materials were taken from web-site “Expert South”.
