FROM THE EDITOR

All kinds of miracles may happen in the economy, especially in Georgia, and particularly when Christmas and the New Year are approaching. Not long ago, on a cold autumn day a nice elderly woman came to the editorial office and asked for help. Are you interested what about? She wanted to sell a flat in Gamskhurdia Avenue and went to a notary office. There she was shown Sakrebulo’s decision where, according to the new Tax Code, a property tax was consciously introduced. But it is interesting that Sakrebulo compiled an extraordinary table, according to which a new theory of value fixing was worked out –a very simple and at the same time unusual one. In a few words, it is just a table and you just have to multiply by the coefficient and that is all. For instance, this lady’s neighbor sold a basement in the same building, and the same coefficient was matched. Another neighbor sold a space on the first floor suitable for commercial activities – and again with the same coefficient. That is, they equated with each other this lady’s flat costing 30 thousand, the neighbor’s basement costing 15 thousand, and the third neighbor’s space on the first floor costing 140 thousand, and demanded paying the same tax to the budget as the income one (knowing the Code so well they could have demanded paying the social tax as well). All of the three items were valued at 45000 USD. Another important detail – who made this appraisal?
The notaries, of course. Now, according to this document, notaries became property appraisers. “Notorious” means “unfavorably known” in English. Do they need this nickname as well?! This method of property appraisal deserves the Nobel Prize in the field of economics, but firstly now it is too late for nomination, and secondly we do not know who personally should be nominated, and who is the author of this method. Sakrebulo, the notary, both of them or some concrete brilliant economist – don’t you know that by any chance? How can we help this lady, who will appraise the property and why 15 000 = 30 000 = 140 000?