Template-type: ReDIF-Paper 1.0

Author-Name: Enid Slack
Author-Workplace-Name: University of Toronto

Author-Name: Joan Youngman
Author-Workplace-Name: Lincoln Institute of Land Policy and the World Bank


Title: Property Taxes from the Ground Up 

Abstract: This paper begins with the basic "big picture," focusing on the benefits the property tax offers as a tool for fiscal decentralization. We then look at property taxes "from the ground up" to determine what is needed to make the tax succeed today: the right tax base, workable valuation methods, the right tax rate, appropriate tax relief, and adequate responses to real-life challenges. We end with a discussion of how a well-functioning property tax can also serve other purposes besides supplying revenue for local governments -- as a value-capture instrument, as a form of wealth taxation, and as a way to reduce pressure on land transfer taxes.

Length: 29 pages

Creation-Date: 2024-12

File-URL: https://icepp.gsu.edu/files/2025/01/paper2410.pdf
File-Format: application/pdf

Handle: RePEc:ays:ispwps:paper2410