The term "cadastral value of real estate" involves the definition of the monetary equivalent of various objects - garages, cottages, city apartments, personal plots of land - using mass valuation technology.
What is meant by cadastral value
Let's try to understand the meaning of this term. An estimate of the cadastral value for a specific period of time is determined, and the procedure is performed immediately for all objects of the same type.
Consider the option of calculating this value. Such concepts are needed not only by professionals, but also by ordinary homeowners. In practice, the cadastral value of a land plot is specified together with other lands of the settlement or with those intended for agricultural use. What is important to know? Such an estimate of the cadastral value is much simpler than calculating the price of real estate on the market.
Earlier, the inventory price of numerous construction objects was determined by special organizations - BTI (Bureau of Technical Inventory). The calculation of the inventory indicator of all types of real estate was determined based on the replacement cost parameters that were approved by the Gosstroy.
The cadastral value of real estate, unlike the real one, for which an object can be sold, does not imply taking into account the specific features of this real estate object. That is, the following indicators do not affect the assessment:
- finish option;
- the time that has passed since the last repair;
- layout;
- panoramic view;
- the presence of air conditioning and ventilation.
The cost of a land plot does not take into account the rationality of land use, but it takes into account the proximity of the plot to highways. In addition, distance from industrial facilities is also taken into account. In reality, it is impossible to realize the structure according to the value obtained after the assessment.
There are certain time frames that are also taken into account. The established cadastral value for the cadastral number is entered into the state cadastre of real estate, and revaluation is carried out every 5 years.
About the procedure for determining the cadastral value
We consider in more detail the procedure for calculating the described quantity. The cadastral value of real estate is set similar to the calculation of market prices. At the same time, various factors that can affect the final price are necessarily taken into account in the calculations. What is this about?
The cadastral value of an object is related to economic parameters, real estate prices on the market, valid for the period of the assessment. In addition, you need to have an idea of the difference between these values. The inventory and cadastral value of real estate are not similar.
Apartment tax calculation
Now we analyze the definition of tax on the square. In order to find out the cadastral value of an apartment, you will have to contact the federal tax service. This must be done in person, confirming the right to real estate.
The calculation of the cadastral value in 2016 will be changed. Payment innovations property tax will be introduced in stages. At the first stage, a percentage of the cadastral value of the apartment, as well as inventory will be charged. Further it will increase, the magnitude of the increase has not yet been indicated.
The cadastral value of real estate will increase annually. The changes will affect the property tax.Want to find out the size of the board? You can find out the exact cadastral value at the tax office by sending an application with a request to give a written explanation through a personal account or in person.
Should I expect a sharp increase in real estate tax this year
It is hard to say what kind of innovations await ordinary citizens. This factor is determined by the value inventory value of the apartment today, and its cadastral value by cadastral number should also be known.
Experts note a 10-fold increase in property tax only last year. The rate of 0.1% is the cadastral value of the apartment. Only 20 square meters are not taxed, the rest count it.
Calculation Example
If the apartment is located in the center of a large city, its real price may well reach 10 million rubles, and, according to an inventory estimate, it’s only 500-600 thousand rubles, but the cadastral value of the house will be 20 million rubles.
The fact is that when calculating it, the cost of similar real estate objects is taken into account, and many appraisers specifically overstate the cost of housing in the cadastre. When the price increases, the value of the tax on the apartment increases.
Where to find cadastral value information
Not sure how to find the information you need about the topic we raised? To do this, you need to study the database of Rosreestr, as well as get acquainted with the data of the “Cadastral Valuation Data Fund”. You can also find information on the value of property in the cadastral passport or in an extract made from it. It is necessary to take into account the date of assessment and the date of issue of the named document, as well as the frequency of updates (at least 1 time in 5 years, not more often than 1 time in 3 years).
Based on the value of the property, legal entities renting premises or land will pay the rent. Please note that the redemption value of the property also depends on this. When acquiring the premises leased, the legal entity will have to pay the amount that has been officially determined by the state and appears in the evaluation report.
How to find out what is the cadastral value of an apartment
First you need to understand what exactly you want to receive - a certificate, cadastral passport or statement.
The certificate contains the current price, that is, the amount with which the tax is calculated for the selected time period. This information is available to everyone. If you know the cadastral number, registration address of the apartment, house, land, you need to drive them into the search engine of the Rosreestr website.
Cadastral extract and passport are issued only after the receipt of payment of state duty. The requested information is provided on paper or online. Russian law allows the provision of such information to the following persons:
- property owners;
- direct heirs;
- bidders or official tenants.
How to get paper documents
To do this, you must first fill out a request form on the site.
- The application indicates the option of receiving information by e-mail (electronic form). In this case, the file with the requested information will be sent to the mail address indicated on the form. Payment for this service is carried out through a bank card or using electronic payment systems (from a personal electronic wallet).
- Filling out the application is also possible online, with a note about receiving a certificate in paper form. To do this, you need to personally come to the office, show a civil passport and indicate the number of the electronic application. Payment of the fee is possible at the bank or via the Internet.
Is it possible to dispute the value of real estate by cadastre
The owner of the property has the right to challenge the value of the property if there are objective reasons for this. The report may contain technical errors, for which you will have to pay the property owner.The law provides for two options for contesting the value of real estate by cadastre:
- In the presence of false information and errors in the report.
- In case of excess after own calculations of the cadastral amount of real estate.
Statistics show that a difference of 25-30% is revealed by contesting the initial report. In the event that less than six months have passed between the time when the primary cadastral value of the land plot or apartment was entered and its secondary verification, you can contact the special commission under the Rosreestr, whose authority is to resolve disputed issues (contestation commission). The term for consideration of the application is 30 days. In addition to the statement itself, it is necessary to attach its own assessment results to it, as well as the assessment conclusion, which is drawn up by the SRO (self-regulatory organization of appraisers).
How to challenge the cost if the deadlines are missed
Those property owners who miss the six-month period allowed to challenge the results of the assessment are required to contact the court. The time period for consideration of a filed lawsuit is 3-6 months. Any person participating in the process has the right to disagree with the report provided by you, to order his own examination. If the claim of the applicant is satisfied by a court decision, the defendant and other persons will have 2 months to appeal. According to statistics, 70-80 percent of all claims related to the determination of the cadastral value are resolved positively. The introduction of new information into the state cadastre is carried out by decision of the court or on the basis of a decision adopted by the evaluation committee.
For those changes that are introduced into the law, when setting a new cadastral value of real estate, a property tax is recalculated. The new price of real estate is determined at the time of preparation of the state report on the assessment. When recounting, all periods of time are taken into account during which a new version of the evaluation category is valid. Until the tax changes are formally introduced, the calculation is made at the old value of the property. The newly calculated cadastral price of the apartment (house) is used to calculate tax for the new period. In 2015, innovations regarding real estate tax affected 28 Russian regions.
How is the cadastral value calculated?
Calculation of the cadastral value is performed using the construction of valuation models. To perform such actions, the appraiser first collects reliable information about the market value of real estate. If such information is not enough to build a common model, the value of the property is determined individually for a particular apartment (house).
When setting the cadastral value, the appraiser takes into account the following:
- information on registered state real estate;
- information from the state cadastral valuation fund;
- database information held by organizations of municipalities and various constituent entities of the Russian Federation.
The choice of a real estate appraisal approach: costly, comparative, profitable - depends on the professionalism of the appraiser.
Rules for writing an assessment report
A mass assessment of any real estate (apartment, house) allows you to determine the cadastral value of an object by substituting indicators at a price that correspond to the apartment (house) in the model that the appraiser has chosen.
Using several types of valuation involves the coordination of all data, the calculation of the average cost of the object. If there are significant discrepancies between the results obtained in calculating the cadastral value of an object using different methods, the evaluator will have to carry out a procedure for coordinating the results. The specialist shall prepare a report on the measures taken in a period of not more than 7 months from the time of the preparation of the contract on the implementation of the cadastral valuation with the applicant.The Procedure adopted by the Ministry of Economic Development of the Russian Federation in 2011 indicates the sequence of cadastral valuation:
- collection of information;
- treatment;
- entering information;
- accounting;
- systematization.
At the same time, property tax in the Russian Federation must be paid no later than October 1 of the current year.