Ways to Improve The Methodological Foundations of Mass Appraisal for Real Estate Taxation
Abstract
This article focuses on improving the methodology for real estate appraisal for taxation purposes. It emphasizes that the lack of an updated, transparent, and adequate appraisal system used by local government authorities for taxation purposes results in significant financial losses. The research identifies existing problems in the mass appraisal system, proposes solutions, and highlights issues related to the absence of market data and the use of outdated methodologies. The findings support the idea of establishing, implementing, and maintaining a mass appraisal system as a fundamental element of fair real estate taxation. This approach promotes regional development and supports economic activities associated with the real estate market. Additionally, the article includes specific measures and recommendations for improving mass appraisal for real estate taxation purposes.
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