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Land and Buildings Valuation Act.

Country/Territory
Liechtenstein
Document type
Legislation
Date
2016 (2023)
Source
FAO, FAOLEX
Long title
Act on the official valuation of land and buildings (Valuation Act).
Subject
Land & soil
Keyword
Land tenure Ownership Land valuation Procedural matters Public land Court/tribunal Dispute settlement Royalties/fees Liability/compensation Enforcement/compliance Offences/penalties
Geographical area
Alps, Europe, Western Europe
Abstract

This Act regulates the implementation of the official appraisal of real estate properties in the Principality of Liechtenstein. The properties that are subject to appraisal under this Act include: a) Real estate properties as defined in Article 34 of property law; b) Buildings that require insurance according to the Building Insurance Act. The Act further cover valuation of the agricultural and non-agricultural lands. The valuation is processed by considering the Replacement value; b) Diminished value; c) Current value; d) Land value; e) Actual value; f) Earnings value; g) Market value; and h) Any comparative values.The text provides for the valuation processing; appraisal bodies; legal remedies; offences; fees and compensation. The text consists of 30 Articles divided into 7 Parts.

Full text
German
Website
www.gesetze.li

References - Legislation

Implemented by

Land and Buildings Valuation Ordinance (SchätzV).

Legislation | Liechtenstein | 2016 (2022)

Keyword: Land tenure, Ownership, Land valuation, Procedural matters, Public land, Court/tribunal, Dispute settlement, Royalties/fees, Liability/compensation, Enforcement/compliance

Source: FAO, FAOLEX