The Government of Ukraine has unified the NMV of land plots
The Government of Ukraine has adopted a historic resolution "On approval of the methodology of normative monetary valuation of land plots" for land reform, which the head of the Ministry of Agrarian Policy Roman Leshchenko called "historic". This was announced on November 4 by the press service of the ministry.
According to the Minister, previously in Ukraine there were three different assessment methods at the same time. As a result, the assessment indicators of neighboring plots could differ significantly.
Adoption of the above-mentioned resolution, according to him, unifies such an assessment, reducing everything to one method. Now the council of the respective territorial community will be able to approve the normative monetary assessment at once for all land plots of all categories and forms of ownership in the whole territory of the community according to clear and transparent procedures.
The Minister also explained that now the normative-monetary assessment will be determined by the following formula - "the area of land to be assessed is multiplied by a clearly defined standard of capitalized rental income and five coefficients that depend on the location, purpose and quality of land assets."
Source: APK-INFORM