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