Thanks Aleksandra for raising this very valid concern. Any move from area-based property taxation to value-based property taxation is a delicate process, which needs to be implemented with full attention to social impacts. This is in particular true in former socialist countries, which typically have large asset-rich but cash-poor populations. For example, the matter was well recognized when planning property tax reform in Moscow. The counter argument to your concern is that the area-based taxes do not treat citizens equally and one can ask, which part of the society benefits from this most? My experience is that politicians in ECA are very risk averse in terms of implementing value-based property taxes. The Land Tenure Journal themed edition in question makes that case for moving to that direction, but it also makes very clear that it is a complicated process and needs to be implement with full consideration to social impacts and safeguards.