Effects of the changes in calculation of the individual property tax

The article considers the effects of the transition from inventory to cadastral value as the basis for taxation of buildings and premises belonging to individuals, primarily in terms of redistribution of the tax burden on the population, and secondarily, in terms of local budget revenues. It includes analysis of the changes in the Tax Code, of the causes of differences in the inventory and cadastral value due to their calculation methodology. There are identified the following factors determining the changes in the tax base: transition to a ’flat’ rate leads to a drastic reduction in the tax on the most ‘expensive’ real property at the expense of some increase for the bulk of real property, many buildings are no longer taxable due to introduction of tax deduction for their area, and the tax burden on the property in good location increases. The effect of these factors is illustrated by calculations made for the city of Tomsk. In conclusion are proposed recommendations for a further improvement of the personal real estate taxation.