This is the market value of real estate objects established in the process of state cadastral valuation, determined by the methods of mass valuation without taking into account its individual characteristics, types of rights and encumbrances on real estate objects.
Mass valuation of real estate is a process that is based on the systematization of objects with similar characteristics in separate groups and the subsequent application to them of mathematical and statistical methods of modeling their value. The choice of another method should be justified. It is usually determined in the course of filling the state cadastral register with new objects or revising the value of objects already there within the period established by law. When assessing the cadastral value of the site and all real estate on it, we will receive the cadastral value of the property, which will be taxed. This cost is determined on the first day of the beginning of work on cadastral valuation in the subject (municipality) of the Russian Federation. Cadastral value is formed in the process of conducting the procedure of state cadastral valuation on the basis of methods of mass valuation or individually developed method of valuation that does not contradict the law. This parameter can be defined for all real estate objects that are included in the register of the state cadastre on the date of calculation of cadastral value.