Monetary Valuation of Land as One of the Levers of the Land Market

Abstract

Introduction. One of the effective mechanisms for regulating land relations is economic. It becomes especially relevant in market conditions. This year's opening of the agricultural land market in Ukraine has its own peculiarities. Thus, land plots provided at the expense of share lands within the norms of free privatization to the citizens of Ukraine joined the market circulation. Despite a number of significant limitations, there is market activity, although not as large as expected. At present, the introduction of a comprehensive mechanism for determining the value of land in today's market conditions remains relevant. Results. The study consists in the analysis and generalization of the current state and approaches to the formation of the land market in Ukraine and the assessment of land as its main component. The article considers the issue of mandatory monetary valuation of land plots, it is established that the types of monetary valuation are based on significant differences. Monetary valuation of land, both regulatory and expert, are the main pricing indicators (factors) of land market formation, and mechanisms of state regulation in promoting the rational use and protection of land. The existence of different approaches to land valuation has created the preconditions for the formation of two different bases of valuation (fiscal (tax) and market). Conclusions. The opening of the agricultural land market is a significant step by the state to enable landowners to fully exercise their rights to own, use and dispose of them, and to this end a system of measures has been developed at the state level to improve the opening and functioning of the land market. Keywords: monetary evaluation of land, state regulation, land plot, agricultural land, land market.