How to adjust cadastral rents for fiscal fairness?

Abstract

This study proposes an operational methodology for determining correction coefficients to apply to land registry values, determined on the basis of the marginal contribution of the location of a property to its market value. The importance of location in determining the value of a property is confirmed by empirical analyses described in the literature and by property valuation practices. The methodology proposed is deliberately simple so that it can serve as a useful operational tool for public administration. A case study of the property market in the city of Turin is discussed.

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DOI

10.14609/ti_1_14_5e

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