Estimation of Transport and Functional Convenience of Assessment Areas During the Regulatory Monetary Valuation of Land Plots In Cities

Abstract

Normative monetary valuation of land is used to calculate the amount of land tax, state duty on mines, inheritance and donation of land according to the law, rent for land of state and communal ownership, losses of agricultural and forestry production, as well as developing indicators and mechanisms of economic incentives for the rational use and protection of land. The method of this indicator calculating was changed at the legislative level in 2021, but it is not perfect, as it does not contain a clear algorithm for consideration of all factors, including transport and functional convenience, on land value indicators in cities. There are no recommendations on the selection of evaluation factors, no the list of indicators, any procedure for calculating and interpreting the results and their application in calculating the normative monetary valuation of land, which became the basis for this study. The purpose of the study is to improve the approach to assessing and consideration the factors of transport and functional convenience during the regulatory monetary valuation of land in cities.