METHODICAL APPROACHES TO THE LAND RESOURCES MASS VALUATION
Introduction. The development of modern approaches to the valuation of the country’s land resources needs creation and implement of innovative methods, especially in a context where existing methods in the market lost its relevance. The authors deter- mined that one of the promising directions to improve the valuation system of lands with different purpose is to develop mass valuation of land. Purpose. Definition of methodological approaches to land resources mass valuation in the current market conditions. Results. An algorithm of mass land valuation, which is a specific framework for action on the definition of real market value of the property assessment. The classification of the factors influencing the market value of the land helps to improve the objectivity of the evaluation. The authors proposed a specific mass valuation model to improve the effectiveness of the land assessment system and land relations. The models’ of land resources mass valuation practical strengths and weaknesses were identified. Conclusion. Development of methodical approaches to mass valuation of the land resources will provide an opportunity to establish the basic value of real estate in order to justify the taxation system; land mortgage; socio-economic zoning; initial value of transactions for the purchase and sale; Market Research for realtors and insurance companies and others.