Tymoshchyk Liliia, Ph.D. (Economics), Scientific secretary of the Research Center for Forensic Examination on Intellectual Property of the Ministry of Justice of Ukraine, Kyiv, Ukraine

ORCID ID: 0000-0002-7695-2169
e-mail: mopof@ukr.net

Practical Approaches to Improving the Valuation of Territorial Communities Property

Abstract. Introduction. The years of independence in Ukraine, which were marked by the establishment of a system of free market relations in the economy, were reflected, in particular, in the system of territorial governance. Many processes that were not present in the system of public property management, or were not considered important, now occupy a significant place in the process of effective management of municipal property – and the mechanism of property evaluation of the territorial community has become one of them.

Purpose. The main purpose of the article is to study the priority areas for improving the efficiency of property valuation of territorial communities, in particular, real estate, in the modern economic system of Ukraine, as part of a system of effective management of public property.

Results. The article considers a number of aspects that connect the system of community management in general and the mechanism of property assessment of territorial communities in particular. First of all, the priority measures of the management system, which require the creation of all conditions for the normal functioning of the community as a whole and each resident individually, have been analyzed, and the related concept of “maximum benefit” has been considered. An analysis of the views of various researchers on the characteristics and criteria for evaluating the activities of the management system and approaches to assessing the effectiveness of communal property, as relevant to assess the full value of the property of the local community. There are two levels of management system. The issues of effective real estate management have been considered and a number of concepts related to management in this area have been analyzed – “optimal use of real estate”, “asset management” – and their significance in the context of the current economic and political situation has been analyzed.

Conclusions. In the current economic situation and the tendency to change the size of territorial entities, when several different communities come together, the mechanism of property valuation of the territorial community becomes more common and acquires new importance in the management of public property. One of the main types of property valuation of a territorial community is real estate valuation, the importance of which grows with the number of property owners.

Keywords: property valuation, asset management, management efficiency, territorial community.

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