Value property valuations in the administration of property taxes

The article deals with topical issues of administration of property taxes in the world and Russian economy. We analyze the system of property taxes in the Russian Federation with regard to the procedure for determining the value of real estate as a basis for taxation. Particular attention is paid to the role of the Institute in the formation of a cadastral estimation of revenues and expenditures of the state and municipal budgets, as well as the role of evaluation of property when calculating income tax and value added tax. According to the author, an open, clear and fair tax system will promote the use of market realities, rather than closed information and the mathematical apparatus, as well as use of existing assessments and data transactions.