Informal economy and the relationship between propertytax value Gebze example

Real estate tax values mostly do not reflect the market value of real estate. Therefore, the calculated real estate taxes are lower than the real estate taxes calculated on the market values and there are losses in the real estate tax. In addition, the taxation of real estate capital taxes and taxation in simple manner, such as taxation of the real estate tax value as a pretext value of real estate tax value does not reflect the fact that the tax losses in these tax types. The low value of the real estate tax brings to mind the informal economy which expresses the tax losses in the narrow sense, and in this respect, there is a relationship between the real estate tax value and the informal economy. In this study, a total of 50 units of residential and workplace from Gebze as example, the sum of this real estate property tax values would be us 6,820,856.37₺, while real estate market values of the sum of 17,430,000.00₺. The market values of the sum of 2,5 times more than the property tax values concluded. From the point of view of land, the total real estate tax value of a square meter land (a total of 50 square meters) taken from 5 streets from each neighborhood was 13.502,75₺ and the total market value of 130.750,00 ₺. It has been concluded that the total market value is 9,68 times higher than the total real estate tax value. Keywords: Informal Economy, Real Estate Tax, Market Value, Immovable Valuation