Indexation of normative monetary valuation for 2017

The state service of Ukraine on issues of geodesy, cartography and cadastre for the implementation of article 289 of the Tax code of Ukraine reported that the consumer price index for 2017 that is used to determine the coefficient of indexation of normative monetary evaluation of agricultural land, land settlements, and another non-agricultural land, is used with a value of 100 percent.

The value of the coefficient of indexation of the normative monetary value of agricultural land, land settlements and another non-agricultural land in 2017 is 1.0.

Coefficient of indexation of the normative monetary evaluation of land applied cumulatively depending on the date of the regulatory monetary valuation of lands. The coefficients of indexation of normative monetary value of land are: 1996 – 1,703, 1997 – 1,059, 1998 – 1,006, 1999 – 1,127, 2000 – 1,182, 2001 – 1,02, 2005 – 1,035, 2007 1,028 2008 1,152 2009 – 1,059 2010 – 1,0, 2011 – 1,0, 2012 – 1,0, 2013 – 1,0, 2014 1,249 2015 – 1,433 (except agricultural land) and 1.2 for agricultural land (arable land, deposits, hayfields, pastures and perennial plantings), and in 2016 – for agricultural land (arable land, perennial plantings, hayfields, pastures and fallow lands) is 1.0 for non-agricultural land was 1.06. The standard monetary assessment of lands for 2002, 2003, 2004 and 2006 were not indexed.