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Changes to the procedure for appealing the value of real estate

Law No. 225-FZ on Amendments to the Federal Law on Appraisal Activities in the Russian Federation entered into force on 21 July 2014 providing the following main amendments to the procedure for challenging cadastral value:

A mandatory pre-court procedure for appealing cadastral value to a special commission for considering disputes relating to the results of cadastral valuation has been introduced. An application for review of a cadastral valuation can be submitted to the commission before the next appraisal is entered in the state cadastre of real estate, but not more than five years after the entry of the appealed valuation in the cadastre. The commission’s decision may be challenged in court on the basis of incorrect information on the immovable property, or the determination of the market value of the immovable property on the date on which its cadastral value was established…

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