Law No. HO-225-N “On immovable property tax in accordance with market value and the procedure of cadastre valuation.”

This Law defines the market value of real estate for the purpose of real estate taxation and establishes the procedure of cadastre valuation. In particular, it establishes the criteria for valuation of land plots (except for agricultural lands), cadastral assessment procedure and calculation formula for taxation. It also applies zoning of the territory for taxation purposes.