Determination of Precedent Value

Equivalent (Value) Determination. The equivalent value can generally be defined as the construction density on a plot of land. KAKS is another calculation made for the precedent value of the land.

First of all, KAKS calculation must be done in order to calculate the precedent (value) determination. Generally, CAPS values ​​ can be 0.20, 0.30, 0.40, 1.0 and 2.0. These values ​​are determined according to the data on the area where the construction will be made.

Land precedent value calculation, the KAKS value is multiplied by the total area of ​​the land. The result found also reveals the maximum area of ​​the construction to be made on the calculated plot.

Construction above the equivalent value is not allowed as it is included in the zoning plan.

What is the Precedent Price?

Precedent value can be disclosed as the owner's value relative to its equivalents in case of sale of a property whose actual value is unknown or unknown.

Forms of Determining the Implementation Price

• The equivalent value can be found on the basis of the average price. For this, a valuation is made with the same type of goods and the average prices of the last time are investigated. The average price value is tried to be determined by looking at both the relevant month in which the sale will be made and the previous two months. However, if this determination cannot be made, the other basis is determined.
• In order to find the equivalent value on the basis of cost value, the cost value of the goods must be known. In addition to this price, 5% for wholesale sales and 10% for retail sales are added and the equivalent price is determined.
• Principle of appreciation is the preferred method when there is no precedent for both types of value explained above. In order to find the value of the appraisal basis, the appraisal commission makes the necessary examinations upon the application of the relevant persons. During this process, they always have the right to file a lawsuit in the tax court regarding the amount determined as a result.

Equivalent Value in Residences

For real estates, equivalent value is not applied. Instead, the tax value of the house owned is checked. The tax base determined when the property tax of your house is to be paid is also the tax value of your house.