Uzbekistan has begun a change in the tax base for real estate tax so that the cadastral value of real estate (buildings, structures, and land) is brought as close as possible to the market value. The changes are meant to improve the taxation of real estate, introduce modern methods of assessment, and improve efficient land use. The change is being phased in beginning with residential real estate and related land plots during the first phase 2021 to 2023, and for non-residential real estate an…