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Roundtable discussion on juvenile justice implementation in Russia
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New books published by Governance and Problem Analysis Center
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Discussing the project of the new Russia’s Constitution in Oryol
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Our comment
Real estate tax: heavy burden
     
23.03.2011
There were discussions since mid-90s concerning real estate tax establishment in Russia per Western sample.
 
As experiment the tax was established in Tver and Novgorod, as a result the lower social stratum mostly suffered from it.
Nevertheless, in late October 2010 Federal valuation standard “Cadastral valuation definition”, which is crucial for real estate tax establishment and calculation, was approved.
 
Currently, according to the Ministry of Finance in 2011 the tax rate is supposed to be from 0,1% up to 2% of real estate market price. Considering real estate prices and revenues of the major part of population, these figures make us think about how heavy this burden will be for the Russian citizens.
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