Home / Business / Russia is expected to increase property taxes

Russia is expected to increase property taxes

В России ожидается повышение налогов на недвижимость

As the potential impact of the adoption of the Federal law “On state cadastral evaluation” may be a sharp increase in taxes on property and land, said in the state Duma.

CHANGES

The essence of the bill is that the taxes for individuals will be charged not with inventory, and cadastral value of the property. According to deputies, the amendment would limit citizens to appeal against the outcome of the appraisal.

The changes will affect the status of appraisers cadastral value. Under the bill, it is proposed to delegate powers to the authorities, said the parliamentarians.

THE ORDER OF THE PRESIDENT

The deputies also said that the hearings of the bill are part of the President’s instructions. Earlier, Putin noted that often the cadastral value of real estate was overvalued.

According to officials, the future law does not have specific programs for reducing spending or integrated approaches to assessment.

In addition, there is no separation of levels of responsibility between the authorities, who assessed, the report says.

Although in the first reading supported the draft law, deputies noted that it should be strengthened. A controversial issue remains the effectiveness of the bill in accordance with the purposes.

Check Also

UK house prices fall by 1.8% during year amid higher mortgage costs

Property market weak, says Nationwide, which expects prices to remain flat or drop slightly in …