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Urban land zoning for taxation purposes in Ukraine Possible methods under an immature land market

Urban land zoning for taxation purposes in Ukraine Possible methods under an immature land market This paper is devoted to urban land zoning for taxation purposes in advance of the establishment of a land market. It typifies most urban areas in Ukraine, a country in transition to a market economy. The assessed values in Ukraine do not reflect market values, as the land market is immature. The disadvantages of the current assessment system are described. The reasons why the usual Western valuation methods cannot be applied are also discussed. A proposal is presented here for a new approach to the analysis of land values and real estate markets. For this purpose, three groups of methods are described and evaluated. In the proposed structure of assessment zoning, several possible approaches to zones formation are foreseen. While the paper proposes methods that could be used, these are not backed up with empirical data. The implementation of the proposed approach is the subject for future research. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Property Management Emerald Publishing

Urban land zoning for taxation purposes in Ukraine Possible methods under an immature land market

Marko Kryvobokov
Property Management , Volume 22 (3): 16 – Jul 1, 2004
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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0263-7472
DOI
10.1108/02637470410545002
Publisher site
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Abstract

This paper is devoted to urban land zoning for taxation purposes in advance of the establishment of a land market. It typifies most urban areas in Ukraine, a country in transition to a market economy. The assessed values in Ukraine do not reflect market values, as the land market is immature. The disadvantages of the current assessment system are described. The reasons why the usual Western valuation methods cannot be applied are also discussed. A proposal is presented here for a new approach to the analysis of land values and real estate markets. For this purpose, three groups of methods are described and evaluated. In the proposed structure of assessment zoning, several possible approaches to zones formation are foreseen. While the paper proposes methods that could be used, these are not backed up with empirical data. The implementation of the proposed approach is the subject for future research.

Journal

Property Management – Emerald Publishing

Published: Jul 1, 2004

Keywords: Land; Markets; Value analysis; Assessment; Ukraine

References

  • GIS in Real Estate: Integrating, Analyzing, and Presenting Locational Information
    Appraisal Institute
  • Three Algorithms of Clustering of Natural Objects
    Aprausheva, N.N.
  • Preliminary Detection of Ideal Clusters and Evaluation of Their Number
    Aprausheva, N.N.