ArmInfo. In Armenia, the owners of self-built buildings will have the opportunity to legalize illegal buildings at cadastral value. The amendments to the law "On Determining the Procedure for Cadastral Valuation of Real Estate Close to Market Value" and in the Land Code received a positive conclusion from the Commission on Economic Affairs of the RA National Assembly, which met on January 13.
According to the Deputy Head of the RA Real Estate Cadastre Committee Arman Petrosyan, at present there are about 8 thousand applications for the legalization of illegally built objects. The package provides for these applicants to register these objects and enter the property tax field until December 31, 2021. Until now, as noted by Petrosyan, the owners of illegal buildings have not paid anything to the budgets of local self-government bodies. In case of refusal to register, from January 1, 2022, the market value of the assessment will already be applied to them. Moreover, amendments to the Civil Code are being prepared, according to which all illegally erected buildings are subject to demolition. In turn, the chairman of the commission Babken Tunyan proposed to add another addition to the package, according to which all other owners of illegal buildings will have 3 months - until April 1 - to submit applications for registration, after which they will have the opportunity to legitimize them until December 31 of this year. at the cadastral value. The keynote speaker agreed with this proposal. Recall that on November 19, 2019, the National Assembly of Armenia approved amendments to the law "On Determining the Procedure for Cadastral Valuation of Real Estate Close to Market Value", which implies a change in the cadastral value of real estate and a subsequent change in property tax. Instead of the current tax on property and land, the idea of a single tax on real estate (land + building) will be introduced, defining land as its object, and ensuring the transition from cadastral value to real market value, without affecting agricultural land. Cadastral prices will be formed, close to market prices, which are supposed to be used for taxation and various transactions. It is planned that as a result of these steps, a competitive and unified valuation system will be created, a large difference between the market and cadastral values will be eliminated, and tax legislation will be significantly facilitated. It is also planned to increase tax revenues, especially from the taxation of expensive property. The zoning of the country will also be carried out (the territory will be divided into 12 zones, the number of which is planned to be increased to 20 in the future), after which the government will provide for a tax-free threshold for the value of real estate. (currently it is 3 million drams, it is planned to double it - ed.). The base cost is proposed to be revised every three years, while it was last revised in 2003. The changes will take effect on January 1, 2021, after which the property tax rates, minimum threshold and new zoning estimates will be determined.
