Lawyer Inyutin: real estate tax will increase due to cadastral recalculation
Russians will have to pay more property taxes due to the cadastral revaluation of the value of buildings and premises, which took place in 2023. About this life.ru told Head of the Western Bar Association of Moscow Alexander Inyutin.
Thus, in the capital, the cadastral value of residential real estate has increased by an average of 21 percent since January 1, 2024. However, this does not mean that the tax for Muscovites will increase by 21 percent, since the Russian tax code limits the tax increase to a threshold of 10 percent, the expert recalled.
In addition, personal property tax still must be paid annually no later than December 1 of the year following the expired tax period. This means that you will have to pay the new rates starting in 2025.
Earlier, Honored Lawyer of Russia Ivan Solovyov recalled that the homeowner has the right to try to challenge the new cadastral value by demanding a recalculation based on a report on the assessment of the market value of the property.
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