As far as the common problem of countries fiscal equalisation is concerned, the specific topic of equalisation of real estate tax is of considerable importance, especially if the real property tax base is a function of the cadastral income and, at the same time, in cases the cadastral income does not express the real market value of the asset. Such a circumstance - pending a cadastral reform which aligns the cadastral value of assets with the corresponding market values - political and economic instruments, as well as adequate estimation algorithms, should be arranged in order to correlate the tax on real estate with the relative market value of the asset. In this regard, it is proposed a model able to consider the effect of the prevalent intrinsic features of the asset on its market value. Among the variables considered, is taken into account the energy class of the asset, which is increasingly important for the legislator in matter of politics of energy saving of a country. The effectiveness of the model, which requires the definition of a value function according to the evaluation logic of typical values procedure, is tested through an application to an urban area on municipal scale.
|Titolo:||An estimate model for the equalisation of real estate tax: A case study|
|Data di pubblicazione:||2015|
|Appare nelle tipologie:||1.1.1 Articolo su rivista con DOI|