Uncertainty Tax: The Problem of Choosing a Market Value Within the Range of Possible Values

Imposing a real estate tax on that part of the market value that falls within the uncertainty interval leads to the taxation of market uncertainty, and not the taxpayer’s capital itself. Therefore, the tax can be calculated only from the lowest reliable value of the market value. The use of such a value is already being ensured by granting not to the court, but to the taxpayer the right to choose an assessment of the market value when challenging the cadastral value out of court. When establishing taxable market value by the court, the application of the lowest reliable estimate should be achieved by limiting the right of the court to choose the market value.