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Land valuation

Estimation of land plots

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The Law of Ukraine "On Land Valuation" (hereinafter – the Law) stipulates that monetary valuation of land plots, depending on the purpose and procedure, is divided into two types: normative and expert.

Normative assessment of land is carried out to determine the amount of land tax, state duty on mines, inheritance (except for cases of inheritance by the heirs of the first and second priority by law) (both cases of inheritance by law and cases of inheritance by will) and as well as cases of inheritance of property, the value of which is taxed at zero rate) and donation of land in accordance with the law, rent for land of state and communal property, loss of agricultural and forestry production, the value of land over 50 hectares for outdoor sports and sports health facilities, as well as in the development of indicators and mechanisms for economic incentives for the rational use and protection of land.

According to the results of the normative monetary assessment of the land of the settlement, technical documentation is drawn up, which is approved by the village, settlement, city council. Data on the normative monetary valuation of a separate land plot are issued as an extract from the technical documentation on the normative monetary valuation of land.

Extract from the technical documentation on the normative monetary assessment of the land plot citizens can receive exclusively through the Centers for Administrative Services (ASCs), which are established under local state administrations and local self-government bodies.

The normative monetary valuation of the land plot is based on rent income. For a simplified understanding, rent income is money that can be helped from the most effective use of the land plot for its intended purpose. For a land plot of agricultural land outside the settlement, this income will be determined as a result of the sale of grain grown on the land plot for a certain period of time. This also takes into account the quality of the soil that covers such a land plot.

Within the settlement, the normative monetary valuation of the land plot is calculated on 1 sq. m. The calculation depends on many factors, including:

  • functional use of the land plot;
  • location of the land plot;
  • soil quality;
  • environmental situation;
  • other factors.

Each year, the regulatory monetary valuation is subject to mandatory indexation, taking into account last year's inflation. The State Geocadastre of Ukraine and its local subdivisions are responsible for indexing the normative monetary assessment, which must index the normative monetary assessment to be provided to interested persons (tax, citizens, organizations) by January 15 of each year.

Expert evaluation of land plots and rights to them is carried out in order to determine the value of the valuation object. This type of monetary valuation is used in the implementation of civil law agreements on land plots and their rights. According to the results of expert monetary assessment of land plots, an expert report is prepared.

 

Objects of land valuation

Objects of land valuation are: the territory of administrative-territorial units or their parts, the territory of valuation districts and zones, land plots or their parts or a set of land plots and rights to them, including land shares (units), within the territory of Ukraine.

 

Types of land valuation

Depending on the purpose and methods of land valuation is divided into the following types:

  • grading of soils;
  • economic evaluation of lands;
  • monetary valuation of land.

Soil grading data are an integral part of the state land cadastre and are the basis for economic assessment of agricultural land and are taken into account in determining the ecological suitability of soils for growing crops, as well as losses of agricultural and forestry production.

Data on economic valuation of land are the basis for conducting regulatory monetary valuation of land, analysis of land use efficiency compared to other natural resources and determining the economic suitability of agricultural land for growing crops.

Our Expert-Advisory Center is the subject of valuation activities in the field of land valuation and the developer of technical documentation for land valuation.

 

Why is a regulatory monetary valuation necessary?

Regulatory monetary valuation is usually required in the following cases:

  • to calculate the land tax;
  • to calculate the amount of rent when renting land;
  • to calculate the losses of forestry and agricultural production;
  • to calculate the payment of state duty during the execution of contracts of sale, mines, donation of land;
  • when inheriting a land plot. In the above cases, it is necessary to obtain an extract from the regulatory monetary valuation of land. In addition to an extract from the technical documentation on the regulatory monetary valuation, during the notarization of the contract, the notary may also require an extract from the State Land Cadastre Center (SLCC).

In the above cases, it is necessary to obtain an extract from the regulatory monetary valuation of land. In addition to an extract from the technical documentation on the regulatory monetary valuation, during the notarization of the contract, the notary may also require an extract from the State Land Cadastre Center (SLCC).

It is also important that in July 2018, amendments to the Procedure for normative monetary valuation of lands of settlements came into force (Order №489 of 25.11.2016 of the Ministry of Agrarian Policy and Food of Ukraine). According to the changes, if the land plot under buildings is not included in the State Land Cadastre or the cadastre does not have the current classification code of the land purpose, the normative monetary value for tax purposes is calculated based on the maximum coefficient of functional land use - Kf 3.0.

In order to reduce the normative monetary value by reducing the coefficient Kf, it is necessary to enter the land plot in the State Land Cadastre through the project of land allotment or development of technical documentation for establishing the boundaries of the land plot. If the land plot has already been entered into the State Land Cadastre, but its land classification code (KVCPZ) is not relevant, it is necessary to update the information about the KVCPZ land code in the SCC through the XML exchange file.

 

The procedure for obtaining an extract on the regulatory monetary valuation of land

An extract from the technical documentation on the normative monetary valuation of a separate land plot is issued by the central executive body that implements the state policy in the field of land relations.

It has recently been introduced to order a statement of regulatory monetary valuation online. To order an excerpt about NGOs online, go to the Public Cadastral Map website and find your site at the 19-digit cadastral number.

If you do not have the opportunity to order an extract about NGOs online, below is the procedure for obtaining an extract in the traditional way by submitting a package of documents to the center of administrative services in your area.

To obtain a certificate (extract) of the normative monetary assessment, you must contact the local center for administrative services (permit center). If such is not created in your area, you should apply directly to the local office of the State Geocadastre and provide the following list of documents:

For an individual:

  • application for the issuance of a certificate (extract) on the normative monetary valuation for an individual;
  • a copy of the state act on the right of ownership of the land plot;
  • copy of passport;
  • copy of identification number;
  • a copy of the land management project for the allocation of land (if any);
  • a copy of the technical documentation for the land plot (if available).

For a legal entity:

  • application for issuance of a certificate (extract) on the normative monetary valuation for a legal entity;
  • a copy of the certificate from the USREOU;
  • a copy of the state act or land lease agreement;
  • copies of documents on the right of ownership of the building, placed on the land plot (certificate, certificate from the BTI, extract from the register of property rights, etc.);
  • a copy of the construction permit (if any);
  • information on current tenants of buildings (premises), which is indicated in the application;
  • copy of the charter;
  • power of attorney for a representative.

Technical documentation on soil quality assessment, economic valuation of lands and normative monetary valuation of land plots shall be approved by the relevant village, settlement, city council. Within a month from the date of receipt of technical documentation on soil quality assessment, economic evaluation of lands, regulatory monetary evaluation, the relevant village, settlement, city council considers and decides on approval or refusal to approve such technical documentation.

The grounds for refusal to approve technical documentation on soil quality assessment, economic valuation of lands, normative monetary valuation of land plots can be only its non-compliance with the requirements of laws and regulations adopted in accordance with the law or location of lands or land plots on the territory of another territorial community. The decision to refuse to approve technical documentation on soil quality assessment, economic valuation of land, regulatory monetary valuation of land should contain references to specific provisions of laws and regulations adopted in accordance with the law, which contradict the relevant technical documentation.

 

 


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