NORMATIVE-LEGAL REGULATION OF MASS VALUATION OF REAL ESTATE IN UZBEKISTAN

Abstract

This thesis analyzes the regulatory and legal framework governing the transition from an inventory value-based approach to a market data-driven mass valuation system for real estate in Uzbekistan. These reforms define the strategic directions of mass valuation, aiming to determine values approximating market rates for purposes of taxation, collateral, and civil transactions. Furthermore, the reforms seek to ensure regular updates of registry data and to distribute the tax burden proportionally to real value. The study highlights the disparities arising from the failure of millions of properties – including residential and non-residential premises and land plots – to fully reflect their market potential. Additionally, the thesis substantiates the role of information infrastructure, such as valuation methodologies, the UZKAD registry, and monitoring-valuation modules, as well as the necessity of ensuring transparency through the public disclosure of results.