Taxes on land and property exist all over the world in many forms and are an important source of finance for local governments. The extent to which local governments have control over property taxes is often an important determinant of their ability to make autonomous expenditure decisions. This comprehensive Handbook explores case studies of land and property taxation in 25 countries (five in each of five regions - OECD, central and eastern Europe, Asia, Africa, and Latin America), and focuses on the potential contributions of the property tax to the revenues of urban and rural governments and to more efficient land use.
Introductory chapters highlight the diversity in the application of land and property taxes among the countries. Major policy alternatives with respect to taxing land and property are discussed, including the choice of tax base, exemptions, methods of determining the tax base, tax rates, differential treatment of different classes of property (such as farms, residences, commercial properties), and the process of tax administration. Other taxes levied on land, such as land transfer taxes, development charges and unearned increment taxes, are also reviewed, as is recent experience with property tax reform in a number of countries.
This major reference work will provide a valuable resource and necessary addition to the libraries of government officials, municipal associations, property assessors, international agencies, teachers and students of public finance.
Edited by Richard M. Bird, Professor Emeritus, Rotman School of Management and Senior Fellow, Institute on Municipal Finance and Governance, Munk School of Global Affairs, University of Toronto, Canada and Enid Slack, Economic Consultant and Adjunct Professor, University of Toronto, Canada
Contents: 1. Introduction and Overview 2. Land and Property Taxation in 25 Countries: A Comparative Review 3. Reforming Property Taxes Part I: OECD Countries 4. Property Taxation in Canada 5. Property Taxation in the United Kingdom 6. Property Taxation in Australia 7. Land Taxation in Germany 8. Property Tax in Japan Part II: Asia 9. Property Taxation in Indonesia 10. Property Taxation in India 11. Real Property Taxation in the Philippines 12. Property Tax in Thailand 13. Land and Property Taxation in China Part III: Africa 14. Property Rates in Kenya 15. Property Rates in Tanzania 16. Property Taxation in South Africa 17. Land and Property Taxation in Guinea 18. Land and Property Taxation in Tunisia Part IV: Central and Eastern Europe 19. Land-based Taxes in Hungary 20. Land and Property Taxes in Russia 21. Property Tax in Ukraine 22. Land and Property Taxes in Poland 23. Real Estate Tax in Latvia Part V: Latin America 24. Land Taxes in Colombia 25. Taxes on Land and Property in Argentina 26. Property Tax in Chile 27. Property Taxes in Mexico 28. Property Taxes in Nicaragua Index