In 2019, Russia is undergoing a global transformation of the procedure for challenging the cadastral value used by property owners to reduce taxes. As of mid-April, the pre-trial challenge procedure does not work de facto in the country
Analysis of the main trends in the Russian appraisal industry showed that in modern conditions the main competitive advantage of the company operating in the appraisal market is its adaptability, ability to form and promote its own brand, performers’ qualification, allowing to quickly increase the quality of rendered services, attention to technological and organizational innovations. Namely to these criteria correspond the companies included in the top 50 most strategic Russian appraisal companies
The article substantiates the author’s proposal to introduce a correction factor for the cadastral value of real estate. This correction factor will make the cadastral value adequate and will allow to solve an important social problem regarding millions of taxpayers that overpay real estate taxes.
The article examines the processes taking place in Russian appraisal business at present, taking into account general economic background of development: this is actual introduction of the state monopoly on cadastral valuation of real estate objects owned by individuals, the cancellation of the mandatory examination of the SRO evaluation reports, the introduction for all appraisers of the mandatory qualification examination. Against this background, the strategies of a successful evaluating company are analyzed. It is concluded that the competitive advantage is the ability of the company to develop new markets, to conduct evaluation in growing or emerging new sectors of the economy, which requires highly qualified specialists and high quality of work. Consequently, the most strategic companies in the industry under consideration will be large enterprises with a developed branch network and wide coverage of fields of activity, companies which adhere highest standards of quality.