Uzbekistan Explains New Mass Property Valuation System

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s Cadastre Agency has explained how mass property valuation will be conducted, how it may affect taxation, property owners’ rights and the real estate market, and where owners can view valuation results and submit comments. The Cadastre Agency said.

Mass valuation covers more than 9 million residential and non-residential properties and around 8 million land plots across the country. One of its main objectives is to determine the value of real estate as an economic asset.

The system is also intended to ensure comparability of property values in sales, pledging, acquisition for public needs and other cases. It is expected to create a reliable, comprehensive and regularly updated information base on the real estate market and promote greater fairness in taxation.

At the same time, mass valuation results cannot be directly equated with a tax rate or tax amount. Under current legislation, the tax base for calculating property tax on residential properties owned by individuals is the cadastral value.

Therefore, mass valuation results do not currently have legal consequences by themselves. After public discussion of the valuation results in Tashkent is completed and the law “On Mass Property Valuation” is adopted, the relevant ministries and agencies will consider taxation issues.

The Cadastre Agency stressed that any potential changes to tax policy will be considered taking into account the interests of the population and businesses, social protection measures and the economic situation. The agency said there are currently no grounds for concern over a sharp increase in taxes.

Property owners can view the value of their properties, which is close to market value, through the davreestr.uz and my.gov.uz portals. They can also submit their views on the valuation results through these portals.

Providing feedback is not mandatory and does not entail legal consequences. If an owner does not submit an opinion, the valuation results will not be reviewed. At the same time, owners’ comments may help improve the quality of valuation work.

The actual renovation condition of an individual property is not taken into account in mass valuation. Under the methodology, all properties are considered to be in an “average state of repair.”

Determining a property value close to market value will not require owners to pay separately. Mass valuation work is carried out by the state free of charge under the established procedure.

The valuation system will be introduced nationwide in stages. In 2025–2026, work is being carried out in Tashkent. In 2026–2027, it will cover Nukus and the administrative centres of the regions, while from 2027 it will be extended to the remaining territories of the country.

Mass valuation is a digital method for simultaneously determining the value of a large number of properties. First, specialists collect and analyse information on the real estate market. They then identify a typical property among the largest groups of similar properties, divide territories into zones based on price levels and take into account factors affecting property values.

According to the Cadastre Agency, the system should increase confidence in the real estate market, provide a reliable source of information for public and private investment decisions, make transactions more transparent and create a high-quality database on the market.

Property owners are not required to state the market-based value determined through mass valuation in sale and purchase agreements. The determination of such a value does not in itself restrict citizens’ rights or interests.

If an owner disagrees with the valuation results, they can view the indicative value of the property through davreestr.uz or my.gov.uz and submit their opinion. Each submission will be reviewed in detail by the National Centre for Mass Property Valuation.