Reforming Land Valuation and Taxation in Ukraine

• Tác giả: Klaus Deininger
• Ngôn ngữ: eng
• Ký hiệu phân loại: 333.31 Land reform
• Thông tin xuất bản: Washington, DC: World Bank, 2024
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 303479
• Chủ đề: 1. GEOSPATIAL MODELING; 2. LAND CADASTER; 3. MASS LAND VALUATION; 4. PROPERTY TAXATION; 5. UKRAINE

Tóm tắt

 The shift from administrative to market-based property valuation is critical for effective decentralization and local revenue collection in Ukraine. To demonstrate the viability of such a shift, this paper uses prices for nearly 200,000 agricultural land sale transactions in 2021-24 together with parcel attributes from public data to estimate a hedonic model and predict prices for all of Ukraine's 7.5 million commercial agricultural land parcels. Despite the war, mean predicted prices are significantly above current 'normative monetary' valuations (NMVs). Inter-regional differences are pronounced. Steps to extend mass appraisal to residential urban properties and legislative changes needed to replace NMVs with a market-based approach are discussed, noting that a shift to market-based valuation will have far-reaching implications for the volume of public and private investment that can be attracted to support reconstruction
  the likely effectiveness of such investment
  and local governments' ability to benefit from any land value appreciation that may result from it.