Application of real estate market indices to medium-term planning of local budgets

The article deals with the problem of the lack of real estate market indices that would have uniform requirements for the selection of market information and calculation methodology and which could be used when planning property tax revenues to local budgets. The limitations in the use of existing indexes for these purposes are analyzed. The author proposes a special index, with the help of which a two-year cycle of changes in the cadastral value can be predicted.