Tashkent, Uzbekistan (UzDaily.uz) — Public consultation on the preliminary results of Tashkent's first mass property valuation has been extended until 4 December.
Property owners have been given an additional 30 days to challenge their assigned valuations or submit comments, Feruz Sultanov, deputy head of the National Centre for Mass Property Valuation, said.
The consultation began on 5 September and was initially scheduled to end on 3 November. During the first stage, notifications of property valuations were sent to 721,632 owners through the Unified Portal of Interactive Public Services.
Of these, 380,525 people, or 52.7%, viewed the notifications. SMS messages containing valuation results were subsequently sent to another 584,343 property owners.
As of 5 November, 11,035 owners had expressed their views on the results. Of these, 5,535 people (50.15%) agreed with the valuations, while 5,500 submitted complaints or proposals.
In particular, 1,753 owners considered their properties undervalued compared with market prices, while 3,210 said the valuations were too high. Another 273 reported errors in cadastral documents, and 264 submitted additional proposals.
Property owners can check their valuations through the Unified Portal of Interactive Public Services or the davreestr.uz property registry website. Participation in the consultation is voluntary, and the preliminary valuation results do not in themselves carry legal consequences. However, Sultanov said that if an owner submits no comments, the valuation will not be reviewed and will remain unchanged.
He also dismissed concerns that higher assessed property values would automatically lead to a proportional increase in taxes.
More than 600,000 apartments and 215,000 private houses were assessed in Tashkent as part of the pilot project. According to the Ministry of Economy and Finance, the combined value of the apartments was 426.7 trillion soums, almost 7.4 times their cadastral value. Private houses were valued at 587 trillion soums, compared with a cadastral value of 39 trillion soums — approximately 15 times higher.
The ministry explained the difference by saying that the current cadastral valuation does not fully account for the value of land plots. Under the mass valuation system, a private house is assessed as a single property comprising the land, buildings and other structures.
The assessment takes into account location, the area of the land plot and buildings, year of construction, number of floors, construction materials, and transport and social infrastructure. Market listings, information from real estate agents and notarised property transactions are also analysed.
Muk iddin Kholmur odov, director of the National Centre for Mass Property Valuation, previously said the results would provide an additional reference point for property owners, banks and investors when conducting real estate transactions. According to him, this would help owners better understand market prices and reduce the risk of selling their properties below their value.
Deputy Minister of Economy and Finance Akhadbek Khaidarov also said that implementing the mass valuation results should not lead to a proportional increase in the tax burden.
He said the ministry had prepared proposals to reduce tax rates several times over.
