The article substantiates the author’s proposal to introduce a correction factor for the cadastral value of real estate. This correction factor will make the cadastral value adequate and will allow to solve an important social problem regarding millions of taxpayers that overpay real estate taxes.

The article presents a promising model of standardization of valuation activities in the countries of the Eurasian Economic Union, examines the main elements of the conceptual apparatus, the tasks and principles of standardization of appraisal activity, the model of organization of the standardization and international cooperation process, types of standards and issues of control and supervision of the application of evaluation standards in practice.