Mass valuation approach to the real estate valuation system in turkey

Real estate taxes and fees in economical issues such as transaction, excambium, constitution of servitude, renting, establishment of real and limited real rights on land registries and expropriation etc. belongs to values of the properties. In our country real estate valuation activities are conducted by various institutions and organizations, standards and methods are different from each other and indefinite. Generally political views dominate the taxation implementations. Therefore crucial tax losses arise in real estate taxation system. In this study, real estate taxation system is examined technically, international situation and differences between single and mass valuation are studied in chosen countries. In our country, it is aimed that a great amount of building stock will be renovated in the scope of urban transformation. Within the scope of this study, a mass valuation with the purpose of taxation is made by chosing a residential location from an urban transformation area. As a result of this study, due to the statistical techniques, apart from the opinions and estimations of the valuers, data outputs can be provided in order to approach to market value or more accurate value of the real estates. Thus, estimation of real estate value can be possible on an analyzable and updatable level. It is also observed that outputs producted with real estate valuation fort he taxation pruposes can be used in other property valuation implementations for various purposes.