Assessment of state and municipal property

The assessment of property belonging to federal or municipal state structures is necessary by virtue of law in case of any transactions. The law stipulates a unified procedure for establishment of price for this property, assessment of property may be established exclusively through the procedure of assessment expertise conducted by independent assessor. This requirement is provided for by the law of 29 July 1998 "On assessment activity in the Russian Federation" the Article 8 of which runs:

"The assessment of assessment subject-matter is compulsory in case of engagement in transaction of assessment subject-matter belonging in full or in part to the Russian Federation, subjects of the Russian Federation or municipalities including:

in case of determination of assessment subject-matter value belonging to the Russian Federation, subjects of the Russian Federation or municipalities for the purposes of privatization, transfer to fiduciary management or transfer to lease;
in case of use of assessment subject-matters belonging to the Russian Federation, subjects of the Russian Federation or municipalities as a pledge object;
in case of sale or other disposal of assessment subject-matter belonging to the Russian Federation, subjects of the Russian Federation or municipalities;
in case of assignment of debentures connected with assessment subject-matter belonging to the Russian Federation, subjects of the Russian Federation or municipalities;
in case of transfer of assessment subject-matter belonging to the Russian Federation, subjects of the Russian Federation or municipalities as a contribution to share capital, funds of entities as well as in case of dispute relating to assessment subject-matter including:
in case of property nationalization;
in case of mortgage lending of physical persons and entities in case of disputes on mortgage subject-matter value;
in case of marriage contracts and division of property of divorcing spouses at the request of one of the parties or both parties in case of disputes relating to the value of this property;
in case of buyout or other forfeiture of property prescribed by legislation of the Russian Federation from owners for state or municipal purposes;
in case of assessment of assessment subject-matter for the purposes of control over accuracy of taxes payment in case of disputes on calculations of tax base.

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