of December 3, 2019 No. ZR-225
About establishment of procedure for the cadastral real estate appraisal which is brought closer to market value for the purpose of taxation on the real estate
Accepted by National Assembly of the Republic of Armenia on November 19, 2019
1. This Law regulates procedure for the cadastral real estate appraisal which is brought closer to market value for the purpose of taxation of the real estate tax.
1. Operation of this Law extends to the legal relationship which are subject to regulation for the purpose of taxation on the real estate.
1. The cadastral cost of the parcels of land (except for lands of agricultural purpose), brought closer to market value, for the purpose of taxation on the real estate, is calculated by the following formula:
Sz = Szb x Pz x Kz
where:
Sz – the cadastral cost of the parcels of land (except for lands of agricultural purpose) which is brought closer to market value for the purpose of taxation on the real estate;
Szb – basic cost of one square meter of land area (except for lands of agricultural value);
Pz – the area of the estimated parcel of land in square meters;
Kz – coefficient of zonality of spatial assessment (location) of the parcels of land (except for lands of agricultural purpose).
2. Basic cost of one square meter of land area (except for lands of agricultural value) (Szb) is established in the amount of 330.000,00 (three hundred thirty thousand) of dram of the Republic of Armenia.
3. Coefficients of zonality (Kz) of spatial assessment (location) of the parcels of land (except for lands of agricultural purpose) are established in the following sizes:
|
Zone |
Coefficient |
|
1 |
1.0 |
|
2 |
0.65 |
|
3 |
0.4225 |
|
4 |
0.27463 |
|
5 |
0.17851 |
|
6 |
0.11603 |
|
7 |
0.07542 |
|
8 |
0.04902 |
|
9 |
0.03186 |
|
10 |
0.02071 |
|
11 |
0.01346 |
|
12 |
0.00875 |
|
13 |
0.00569 |
|
14 |
0.00370 |
|
15 |
0.00240 |
|
16 |
0.00156 |
|
17 |
0.00102 |
|
18 |
0.00066 |
|
19 |
0.00043 |
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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