Apply for an expert opinion on the market value of a plot of land or the right to a plot of land

If you would like to know the value of an undeveloped or developed property, you can have it determined by a committee of experts via a market value appraisal.

An expert committee for real estate values has been formed for the areas of the districts, the independent cities and some cities belonging to the district. It is made up of honorary members (such as architects, civil engineers, tax officials, farmers, real estate value experts, surveyors, etc.). In principle, the Committee operates autonomously and independently. The office of the expert committee is set up at the respective office for land management or at the municipal authority of the city.

The market value (market value) is determined by the price that would be achieved in the ordinary course of business at the time to which the determination relates according to the legal circumstances and actual characteristics, the other quality and the location of the property or other object of valuation, regardless of unusual or personal circumstances.

Please contact the offices of the expert committees at the Offices for Land Management, independent cities and some cities belonging to the district.

The necessary documents vary depending on the expert opinion order and will be requested in consultation with you.

Among other things, the following documents may be necessary:

• Land register excerpt
• Proof of other rights and encumbrances
• Power of attorney of the owner
• Fire insurance certificate
• List of rental income
• List of operating costs
• Minutes/Resolutions Owners' Meeting
• Proof of investments in the last 10 years
• Certificate
• Site plan
• Construction plans/floor plans
• Other

Forms/online services available: Yes

Written form required: Yes

Informal application possible: Yes

Personal appearance required: No

• In order to apply for a valuation report, you must be the owner or other person entitled to a property.
• The application is also possible with the consent of the owner.

• Citizens can submit an application to the expert committee for the preparation of a market value appraisal for a property.
• After receipt of the order, the office of the expert committee will contact you with questions about documents, depending on the object to be evaluated.
• At the same time, the office of the expert committee will investigate the property with other authorities and bodies.
• It is always necessary to inspect the property by the expert committee. For this purpose, an appointment is arranged and carried out.
• Further investigations may be necessary afterwards.
• Then the market value is determined and decided by the expert committee.
• The expert opinion is sent to the client together with the cost accounting. Each owner receives a copy of the report.

There are no deadlines to be observed.

The processing time depends on the other statutory tasks of the expert committees or other pending expert opinions. The average lead time is between 4 and 16 weeks.

Fees are charged for the preparation of market value appraisals. These are based on the values determined in the report. In addition, expenses may be added depending on the individual case.

The exact calculation of fees can be found in the current excerpt from the administrative costs regulation for the business area of the Ministry of Economic Affairs, Energy, Transport and Housing .

A market value is not binding for sellers/buyers.