Special Value of Landfill Land

• Autorzy: Maruska Subic Kovac
• Języki publikacji: EN

Abstrakty

EN

According to the law applicable in the Republic of Slovenia, the Municipality shall dispose of its assets as a good manager. Thus, in the case where the Municipality wishes to invest the land of the existing landfill as portion into the investment project of the new regional waste-management centre, the land value shall be estimated as special value, i.e. a value that is higher than the market value of the existing land of landfill. The difference between the market value and the higher special value needs to be substantiated. This article presents an estimation model of special value in his particular case. Higher value was substantiated by estimating the value of land that constitutes the opportunity cost of missed opportunities for the particular land to be intended for residential/housing construction, by estimating the nondepreciated value of improvements, by estimating the external costs on account of untaxed portion of land of the landfill and on account of lower taxation of the surrounding property. These external costs may be taken into account only if taxes on property are in fact collected and in cases where the proximity of a landfill affects the value of the surrounding property. A greater problem in using the model constitutes the acquisition of appropriate data, including the data on improvements as well as data on sales prices of land at different development levels. The model presented may be extended by including the advantages for other municipalities involved in the investment project of waste-management centre construction. However, it needs to be pointed out that the estimated special value may be regarded as a starting-point only for an agreement between the municipalities on the division of costs of investment project of waste-management centre construction. (fragment of text)

Słowa kluczowe

EN

Ground real estate; District; Market value

PL

Nieruchomości gruntowe; Gmina; Wartość rynkowa

• Czasopismo: Studia i Materiały Towarzystwa Naukowego Nieruchomości
• Rocznik: 2012
• Tom: Topical Issues in the Valuation and Application of Market Value
• Strony: 89--101

Twórcy

autor

Maruska Subic Kovac

• University of Ljubljana, Slovenia

Bibliografia

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