Valuation Ordinance
| Basic data | |
|---|---|
| Title: | Ordinance on principles for determining the market values of land |
| Short title: | Valuation Ordinance |
| Previous title: | Ordinance on the principles for determining the market value of land |
| Abbreviation: | WertV |
| Type: | Federal Ordinance |
| Scope: | Federal Republic of Germany |
| Issued on the basis of: | 199 para. 1 BauGB |
| Legal matter: | Special administrative law , building law |
| References : | 213-1-5 |
| Original version from: | August 7, 1961 ( BGBl. I p. 1183 ) |
| Entry into force on: | September 11, 1961 |
| New announcement from: | August 15, 1972 ( BGBl. I p. 1416 ) |
| Last revision from: | December 6, 1988 ( BGBl. I p. 2209 ) |
| Entry into force of the new version on: |
January 1, 1990 |
| Last change by: |
Art. 3 G of August 18, 1997 ( Federal Law Gazette I pp. 2081, 2110 ) |
| Effective date of the last change: |
January 1, 1998 (Art. 11 para. 1 G of August 18, 1997) |
| Expiry: | July 1, 2010 (§ 24 sentence 2 Regulation of May 19, 2010, Federal Law Gazette I p. 639, 644 ) |
| Please note the note on the applicable legal version. | |
The Valuation Ordinance ( WertV ) governed in Germany general principles for the determination of fair values for real estate . The WertV thus regulated the interpretation of the market value definition in § 194 BauGB . The expert committees must apply the WertV bindingly.
The last version of the WertV was issued on December 6, 1988 and was last amended on August 18, 1997. To distinguish it from earlier versions of the WertV, one speaks of the WertV 98 .
The valuation procedures regulated in the WertV are also called standardized procedures:
- Comparative value method according to § 13 to 14 WertV
- Capitalized earnings method according to § 15 to 20 WertV
- Material value procedure according to § 21 to 25 WertV.
Valuation guidelines have been issued in addition to the Valuation Ordinance .
Real estate valuation ordinance
On April 1, 2009, the Federal Cabinet introduced the draft of the "Ordinance on the principles for determining the market values of properties (Real Estate Valuation Ordinance - ImmoWertV)", which the Federal Council initially only approved subject to some changes, in particular the derivation of the standard land values. The Federal Council then approved a new draft on May 7, 2010; on May 19, 2010 the ImmoWertV was enacted by the federal government. The announcement was made on May 27, 2010 ( Federal Law Gazette I p. 639 ). The ImmoWertV thus replaced the WertV on July 1, 2010 ( § 24 ImmoWertV).
In the ImmoWertV, additional aspects are taken into account when determining the value, such as the energetic quality of the building or the value relevance of urban planning circumstances (§ § 4 ff. ImmoWertV).
See also
literature
- Thomas H. Garthe: The valuation reform. With all changes 2010. Haufe Verlagsgruppe, 2010, ISBN 978-3-648-00852-2 .
- Hans-Otto Sprengnetter, Jochem Kierig: ImmoWertV - The new appraisal law - Commentary on the real estate appraisal ordinance . Sprengnetter, 2010, ISBN 978-3-937513-51-5 .
- Peter Zimmermann: ImmoWertV. Comment. 1st edition. Verlag CH Beck, Munich 2010, ISBN 978-3-406-60257-3 .
- Klaus Bernhard Gablenz : Property valuation for practitioners. 3. Edition. Beuth Verlag, Berlin 2014, ISBN 978-3-410-22088-6 .
Web links
- Text of the Real Estate Valuation Ordinance
- Text of the Valuation Ordinance, valid from January 1, 1990 to June 30, 2010, repealed by Section 24 of the Ordinance of May 19, 2010 ( Federal Law Gazette I p. 639 ).
Individual evidence
- ↑ Real Estate Valuation Ordinance (ImmoWertV) - Ordinance on the principles for determining the market values of properties: Communication on ImmoWertV of the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety ; accessed on February 1, 2017.
