Quality mass real estate valuation models, in addition to real estate data, form the basis of a fair assessment of real estate taxes. The criteria for these models are prescribed by the 9th paragraph of the Slovenian Mass Real Evaluation Law (ZMVN-1). The objective of the thesis was to represent the procedures and results of criteria analysis on the basis of assessed residential real estate values and its selling prices defined in contracts of sale in the area of Municipality of Nova Gorica from March 31st 2017 to March 31st 2019.
Results show that in many cases there is a considerable difference between assessed value and the selling prices in the adjusted time period. Furthermore, the assessed value was often found to be larger. We can conclude that the criteria prescribed by the law don't guarantee fair assessment of real estate taxes.