There are the results of the comparison of normative value with market value of land in the article.
It is showed by the example of Ukrainian town Dnepropetrovsk that site value can be four times less then normative value uptown and two times more in the centre of town. Such significant difference doesn’t allow us to use them for the same purpose.
- emel'nyj kodeks Ukrai'ny [Zemelnyy Code of Ukraine.]
- Zakon Ukrai'ny “Pro ocinku zemel'” [Law of Ukraine "On Land Valuation"]]
- Tymchasovyj porjadok vyznachennja ocinochnoi' vartosti neruhomosti ta ob'jektiv nezavershenogo budivnyctva, shho proda¬jut'sja (obminjujut'sja) [Temporary procedure for determining the assessed value of real estate and construction in progress that proda¬yutsya (exchange)]. CMU from 26.10. 2011 р. no. 1103.
- Porjadok normatyvnoi' groshovoi' ocinky zemel' sil's'kogospodars'kogo pryznachennja ta naselenyh punktiv [Procedure normative assessment of agricultural land and settlements.]. Zatv. nak. Derzhkomzemu Ukrai'ny, Minbudarhitektury Ukrai'ny, Ukrai'ns'koi' akademii' agrarnyh nauk [Approved. NAC. State Committee of Ukraine, Minbudarhitektury Ukraine, Ukrainian Academy of Agrarian Sciences of 27.01.2006 no. 18/15/21/11.
- Nacional'nyj standart № 1. Zagal'ni zasady ocinky majna i majnovyh prav [National Standard № 1. General principles of property valuation and property rights].
- Nacional'nyj standart № 2. Ocinka neruhomogo majna [National Standard № 2. Real Estate Valuation].