Author/Authors :
KILIÇ, Osman Ondokuz Mayıs Üniversitesi - Ziraat Fakültesi - Tarım Ekonomisi Bölümü, Turkey
Title Of Article :
CALCULATION OF CAPITALIZATION RATE FOR FARMLAND
Abstract :
The expropriation value of agricultural land is determined by the income capitalization approach under Turkey’s Expropriation Act. Accordingly, the value of land is determined by dividing net income by the capitalization rate. One of the major issues giving rise to misunderstanding in expropriation cases is the misuse of the capitalization rate. Currently, the overextending of expropriation cases contributes to investment latency and the escalation of expropriation costs. In this regard, the proper capitalization rate for the region where land is situated should be determined primarily for appraising the value of land. The purpose of this study was to show how to calculate the capitalization rate, especially for the members of valuation committees and experts, as well as related persons and institutions.
NaturalLanguageKeyword :
Capitalization rate , Land value , Expropriation , Expert
JournalTitle :
Anadolu Journal Of Agricultural Sciences
