The article States that through existing methodological approaches to the valuation of cadastral value it is impossible to make an adequate assessment and change the tax base evenly. The authors have developed a step-by-step methodology for determining the cadastral value of real estate based on the definition of urban land value, its approbation and analysis of the results in terms of their relationship with the approved cadastral value and compliance with the prevailing market realities.

In the article for the purpose of carrying out the careful analysis of the results of an assessment on the basis of town-planning value developed by us the evaluation of results of approbation from the point of view of efficiency and efficiency of its use in practice is carried out. It is established that the obtained cadastral value is as close as possible to the market value, which will determine the economically justified value of real estate for the purpose of their effective and socially-fair taxation.

The article contains the prerequisites and main stages of the formation of the Russian system of accounting and registration of rights to real estate objects. It is noted that the beginning of the transformation process was the Law of the RSFSR "Land reform", adopted in November 23, 1990. The authors considered the main changes in the system, reviewed the characteristics of the stages, and made the conclusions about the implementation of the system of the Unified state register of real estate objects in the country.

Today in Russia, one of the main factors in the development of an effective model of the modern economy is an adequate cadastral assessment of land plots and other real estate. However, the problem of improving the procedure for determining it and the system for challenging its results needs to be improved and is becoming increasingly urgent in connection with the introduction of a new real estate tax soon throughout the country, which should replace the land tax and property tax. The article considers the problems of modern system of cadastral evaluation of real estate and the system for challenging its results. It also includes analysis of reports on determination of cadastral cost of real estate in the whole country and more detailed in Moscow, St.-Petersburg, Krasnodar and the Moscow region, presented on the official website of Rosreestr. The results of the study demonstrate the imperfection of the system of cadastral evaluation of real estate and, above all, the methodology of its determination, as evidenced by requests to fix errors in the budget of the organization and overall operation of the system of challenging the cadastral value, serving today is an indicator of the effectiveness of the applied rating models.

Absence of databases compiled during the real estate market analysis poses a substantial problem and questions the integrity and validity of evaluation appraisals. This study is relevant due to its formal approach towards analyzing the real estate market, the necessity to accumulate relevant data and price factors, and taking into consideration the objectives of the appraisal. Use of insufficient or irrelevant data from reports on market/cadastral value poses a significant problem, which hinders practical implementation of modern economic processes and influences purchase and sales prices of real estate, as well as its taxation during cadastral appraisal. The subject of this research is the real estate market of Krasnodar. The object of this research is the economic interaction taking place during construction, turnover, and development of real estate property. The authors have divided the territory of Krasnodar into zones and selected the most economically developed neighborhoods. These neighborhoods constituted the material of this study. The authors have also determined the pricing factors and their quantitative features. During this study, a database which may be used for real estate property appraisal has been created.