Front Matter

Front Matter Page

Fiscal Affairs Department

Contents

  • Abstract

  • I. Introduction

  • II. Property Taxation—Concepts and Yield

  • III. The Case for Property Taxation

    • A. Efficiency Considerations in Favor of Property Taxation

    • B. Equity Considerations: Are Property Taxes Fair?

    • C. The Cyclical Resilience of Property Tax Revenues

  • IV. Issues of Policy Design and Implementation

  • V. A Strategy for Reform

  • VI. Conclusion

  • Tables

  • 1. Composition of General Government Property Taxes, Selected OECD Countries 2011

  • 2. Levels of and Trends in Property Tax Revenues

  • 3. Denmark: Distribution of Property Taxes as Share of Income

  • 4. Alternative Property Tax Bases by Region

  • Figures

  • 1. Property Taxes, OECD 1965–2010, Percent of GDP

  • 2. Property Taxes, OECD 1965–2010, Percent of Total Tax Revenue

  • 3. Immovable Property Tax Collections Across Income Levels

  • 4. Distribution of Yields from Immovable Property Taxes, 2008

  • 5. State and Local Tax Revenues, 1990–2009

  • 6. Property Tax Revenues and House Values, 1989–2009

  • Boxes

  • 1. Recent Property Tax Reforms and Plans

  • 2. What Determines the Level of Property Tax Revenues?

  • 3. Views on the Incidence of Property Taxation

  • 4. Property Valuation Systems

  • 5. The Self-Assessment Approach in Bogota City

  • 6. CAMA Systems

  • Appendix Tables

  • 1. Property Taxes in OECD Countries, 2010

  • 2. Property Taxes in Non-OECD Countries, 2010

  • 3. Property Taxes in High-Income Countries, 2010

  • 4. Property Taxes in Middle- and Low-Income Countries, 2010

  • References

Taxing Immovable Property Revenue Potential and Implementation Challenges
Author: Mr. John Norregaard