In the Tax Code the concepts of property tax

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The Ministry of Finance has prepared and sent for approval to the Ministry amended to provide the appearance of the property tax, the newspaper “Vedomosti”, with reference to the deputy director of the Department of Finance Sergei Razgulina.

Property tax will replace the two: property and land, it should not appear before 2013. Now property tax will be charged with the carrying value of natural persons – by the evaluation of BTI, a base for land tax – the cadastral value of the site. Property tax will be charged with the market value of the property.

The base rate will be determined at the federal level, told Razgulin, offered 0.1% of the property value, but the regions will be able to reduce it. Perhaps for different federal districts or even different regions of the base rate will be different, he says, it all depends on the assessment of the property value, which is not yet ready. We can not allow in different regions about the same apartments pay a different amount, says another member of Finance.

Land valuation is done, in relation to property and Rosreestra work is to be completed by the end of 2011, said an official of another agency that participates in the discussion of the problem, then we can talk about basic rates at the federal level, but the overall tax burden should not rise. Value property on the ground – for the calculation of the final payment – professional appraisers, they will hire the region, he knows, citizens will be able to challenge that assessment.

And now, the basic rate of tax on land and property is set at the federal level and in the field can be adjusted, like partner Dmitry Taxadvisor Kostalgin.

Vitaly Mozharovsky of Goltsblat BLP is sure that the owners of apartments in old buildings in prime tax increase: “With the high market value of the apartment they pay low property taxes, because by BTI their housing costs less due to age at home.”