Open AccessDISBALANCE BETWEEN TAX ASSESSMENTS AND MARKET PRICES OF REAL ESTATE
Author(s) -
D. Ushatova
Publication year - 2019
Publication title -
trakia journal of sciences
Language(s) - English
Resource type - Journals
eISSN - 1313-3551
pISSN - 1312-1723
DOI - 10.15547/tjs.2019.s.01.020
Subject(s) - real estate , apartment , property tax , market price , human settlement , value (mathematics) , economics , distribution (mathematics) , business , econometrics , actuarial science , public economics , finance , statistics , tax reform , geography , mathematics , mathematical analysis , civil engineering , archaeology , engineering
The research aims to show some deficiencies in the legal framework including the formation and of property tax assessment and their deviation from the market values. Experimental results of price comparisons of market values in 1 BGN per 1 sq.m. are compared three groups of properties (apartment, house and plot) in selected settlements - district centers. Compare the prices of these properties advertised on a national real estate site and the average price of residential property, according to NSI data with the conditionally calculated value of a tax assessment for each type of property under review. Trends are established for the three-year period and general conclusions are established. Based on the results of the study, some key guidelines are proposed for the formulation of the tax assessment distribution, as well as a forecast / deficit-forecasting model that is formed in municipal budgets as a result of the disproportion between valuations and real prices.