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Urban land zoning for taxation purposes in Ukraine: Possible methods under an immature land market

Marko Kryvobokov (Royal Institute of Technology, Section of Real Estate Planning and Land Law, Stockholm, Sweden and Donetsk National Technical University, Section of Geoinformatics and Geodesy, Donetsk, Ukraine)

Property Management

ISSN: 0263-7472

Publication date: 1 July 2004

Abstract

This paper is devoted to urban land zoning for taxation purposes in advance of the establishment of a land market. It typifies most urban areas in Ukraine, a country in transition to a market economy. The assessed values in Ukraine do not reflect market values, as the land market is immature. The disadvantages of the current assessment system are described. The reasons why the usual Western valuation methods cannot be applied are also discussed. A proposal is presented here for a new approach to the analysis of land values and real estate markets. For this purpose, three groups of methods are described and evaluated. In the proposed structure of assessment zoning, several possible approaches to zones formation are foreseen. While the paper proposes methods that could be used, these are not backed up with empirical data. The implementation of the proposed approach is the subject for future research.

Keywords

Citation

Kryvobokov, M. (2004), "Urban land zoning for taxation purposes in Ukraine: Possible methods under an immature land market", Property Management, Vol. 22 No. 3, pp. 214-229. https://doi.org/10.1108/02637470410545002

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited