A more equitable cadastral valuation of real estate
The new law is intended to improve the procedure for determining the cadastral value of real estate objects.
A whole set of measures is provided for this purpose. Thus, the state cadastral assessment will be carried out with a different frequency. The terms for applying the cadastral value will be calculated in a new way. They will correct the rules for correcting errors made during its definition.
The next state cadastral assessment will be carried out in 4 years from the last assessment year. Federal cities will be able to reduce this period by half.
Nowadays, the assessment is usually carried out not more than once every 3 years, but at least every 5 years. In Federal cities, you can’t revalue real estate more than once in 2 years.
The new rules will be applied:
- from January 1, 2022 — to land plots;
- from January 1, 2023 — to buildings, premises, constructions, incomplete construction objects, and parking places.
Before the new rules are applied, the next assessment will be conducted not earlier than 3 years (in Federal cities — not earlier than 2 years) and not later than 5 years from the year of the last state cadastral assessment.
It should be noticed that in 2022 land plots in all regions of the Russian Federation will be evaluated without taking into account the restrictions on its frequency. In 2023, the same rule will be applied to buildings, premises, structures, objects under construction, and parking spaces.