Currency
  • Loading...
Weather
  • Loading...
Air Quality (AQI)
  • Loading...

A mass property valuation campaign in Tashkent has triggered widespread discontent among local residents, with approximately 3.2 thousand apartment and house owners claiming that the calculated value of their real estate is unjustifiably inflated. Meanwhile, another 1.7 thousand citizens argued that their properties were heavily undervalued, highlighting severe discrepancies in the automated appraisal methodology implemented across the capital.

Key Takeaways: By November 5, a total of 11,035 property owners expressed their stance on the assessment results, with 5,535 agreeing while the remaining 5,500 submitted formal complaints and proposals. Specifically, 3,210 owners contested overvalued properties, 1,753 pointed to undervaluation, and only 52.7% of recipients actually read the official electronic notifications.

The large-scale evaluation encompasses over 600,000 apartments and 213,000 private houses in Tashkent, revealing that estimated market prices vastly exceed previous cadastral figures. This stark contrast immediately sparked public anxiety regarding potential property tax hikes, as citizens remain deeply skeptical of official assurances that the data collection will not directly impact their household expenses.

Feruz Sultanov, deputy head of the National Center for Mass Real Estate Valuation, supposedly stated that the preliminary appraisal results carry no direct legal consequences and do not automatically trigger tax increases. Nevertheless, public mistrust persists due to opaque calculation models and poor communication, leaving a significant portion of the population feeling uninformed and vulnerable to shifting economic policies.

Authorities have extended the public discussion period by 30 days until December 4 to mitigate the fallout. Citizens can check valuations and request reviews through designated online portals, though failure to submit formal objections will result in the disputed assessment figures becoming permanent.

Source: podrobno.uz