The utilization of mass property valuation outcomes to determine compensation amounts for state and public land acquisitions—commonly known as demolition or clearance projects—allegedly poses a significant threat to the financial well-being of property owners. Industry specialists and appraisal experts have voiced serious concerns over the structural shortcomings of applying generalized fiscal metrics to private real estate.

According to statements from Zebuniso Esonova, Chairperson of the Uzbekistan Appraisers Association, and appraisal expert Shukhrat Abduvahobov, the mass valuation methodology purportedly fails to capture the unique individual characteristics of residential properties. Crucial elements such as unlisted auxiliary structures, interior improvements, and mature landscaping risk being completely overlooked, leading to compensation figures that fall dangerously short of true market values.

The experts argue that the "market-proximate value" derived through mass appraisal techniques for taxation purposes cannot adequately substitute the actual open-market value of a specific piece of real estate. If figures intentionally suppressed for lower tax brackets are systematically used as a baseline for demolition payouts, property owners will ostensibly bear the brunt of severe economic losses.

Analysts further elaborate that mass valuation groups properties into standardized categories tied to generalized benchmark pricing, completely bypassing individual architectural and qualitative assessments. Because individual properties inherently deviate from these manufactured averages, relying on generalized data for compensation purposes is claimed to inevitably result in systemic underpayments that disadvantage ordinary citizens.

Source: kun.uz