Draft Administrative Instruction on Appraisal Methodology for Property Tax Purposes

In October 2019, the Draft Administrative Instruction on Appraisal Methodology for Property Tax purposes entered the phase of public consultations. The purpose of the Draft AI is to determine the value categories, rules, procedures and valuation methods that are used for setting out valuation models and the appraised values of immovable properties for property tax purposes, in accordance to the Law on Immovable Property Tax. The classification of immovable property in value categories is based on the actual usage of immovable property. In terms of valuation methods, there are three types of methods that the Property Tax Department uses for the appraisal of immovable properties: sales comparison method; income method; cost method. The AI project also foresees mass appraisal, namely through valuation models, value zones, test valuation, value levels, as well as single appraisal, among others.

Link: https://konsultimet.rks-gov.net/viewConsult.php?ConsultationID=40795