Transparent Valuation is Essential for Fair Taxation

As debates over property tax continue, İbrahim Cihan Kurtulan, Chairman of Düzey Değerleme, stated that the solution lies not only in adjusting tax rates but in establishing a transparent and data-driven property valuation system.

Recent increases in land values have raised concerns among property owners and investors due to expectations of higher property taxes. While economists suggest lowering tax rates, a draft law expected to be submitted to Parliament proposes limiting the rate of increase in land values.

However, according to Kurtulan, the key to a permanent solution is accurate valuation. “Land values affect not only taxes but also title deed fees. Value should be treated as data. Without a transparent and regularly updated system, fair taxation is not achievable,” he said.

He described the “Value Information Center,” launched by the General Directorate of Land Registry and Cadastre, as an important step in this direction. The system aims to build a valuation infrastructure that reflects actual market conditions.

Kurtulan emphasized that valuation processes should not be confused with tax policies. “Taxation deals with the result of a given value, while valuation concerns how that value is determined,” he noted.

Finally, he added that a technology-supported, data-based valuation system strengthens economic confidence: “Accurate valuation protects both investors and the public. It is essential for a sustainable real estate market.”