Information on the thesis

The  thesis  deals  with  the  comprehensive  research  of  theoretical  essentials  and
practical  recommendations  to  update  the  plot  excluded  real  estate  tax  regulations  to
stimulate the regional economic development. The thesis reveals the economic essence
of  real  estate  and  theoretical  essentials of  taxes levied  on it. The  author specified  the
economic contents of real estate and the notion as well as the notion “tax promotion of
regional development” as a process of tax burden management by means of regulation of
tax rates for local taxes, particularly estate ones, that will result in creation of conditions
and stimuli for intensification of social and economic regional development.
The author made a diversified analysis of local tax revenues formation including
plot  excluded  real  estate  tax  under  conditions  of  financial  decentralization  being
imposed  with  further  identification  of  dominating  trends  and  rules.  The  suggested
complex approach to proprietary taxation, which assumes the combination of three key
components – accounting, evaluation and direct taxation of real estate objects to utilize
the fiscal and regulative potentials of tax levied on real estate on regional level.
There was elaborated a set of recommendations to improve the efficiency of real
estate tax administration concerning reinforcement of fiscal control, creation of unified
informational  environment  shaped  as  territorially  distributed  governmental  register
system for real estate entities as well as modernization real estate accounting in Ukraine
by imposing of differentiated instruments for charging of tax rates.
The authors analyzed the foreign experience of real estate tax systems as well as
existing real estate tax regulations in Ukraine. There was substantiated the necessity to
upgrade  the  real  estate  tax  regulations  in  Ukraine  and  the  relevant  recommendations
were  made.  The  author  specified  the  procedure  to  assess  the  property  price  before
taxation  assuming  the  application  of  associated  market  instruments  by  means  of
regulative  rates  (floor  number,  construction  materials, location, and  amortization)  and
market price  of  the constructed  area.  There  were  also  evaluated the  tax  revenues  and
economic results of presented in the thesis real estate taxation procedures.
There  were  also  forecasted  the  revenues  from  real  estate  taxes  by  means  of
mathematical instruments to surplus the financial potential of local authorities and self-
governments  in  order  to  forward  the  additional  tax  revenues  into  intensification  of
regional economic development. On the basis of theoretical and practical analysis the
author concluded that financial decentralization is a fundamental condition of regional
independence and vitality. The relevance of regionally levied plot excluded real estate
taxes is stipulated by regular tax revenues, equal distribution and relative stability of tax
regulations
Key words: tax system, real estate, real estate taxation, real estate tax, social and
economic regional development, financial decentralization, local budgets.