Start Date
25-11-1988 9:30 AM
End Date
25-11-1988 12:00 PM
Description
No doubt immovable property will be an important tax base for all countries in the future - even more important than today. Properties are the basis of a number of different taxes and fees. The most important are property tax, transfer tax (stamp duty), wealth tax, income tax of imputed rentals, capital gain tax, gift and death tax, development contributions, and fees for water, sewerage, sanitation, and fire protection. Growing international economic competition will force countries to realize that lowcost, equitable, and efficient tax administration is just as important as an efficient road and telephone system. Thus, both industrial and developing countries - whether they are socialist or market oriented - will want to improve the administration of the taxes related to properties. Improvement of the tax administration will be based more and more on experience gained in other countries. On a global level, the steps in the improvement process are: 1. Establishment of terminology, taxonomy, and frame of reference. 2. Discussions and agreement on the "best solutions". · 3. Improvements of the administration and tax reforms in countries and regions . The paper aims to contribute to Step 1 in the improvement process. The 1983 O.E.C.D. report, Taxes on Immovable Property, describes the "classical" recurrent property tax. Other types of taxes related to properties are described in the 1979 O.E.C.D. report on wealth tax, etc., and in the 1986 report on the income tax. The paper is based on these reports, but it takes a much broader approach. It attempts to cover all taxes and fees related to immovable property. It covers the valuation process and the information base for valuation and touches on the use of computers and the role of maps for valuation and land information systems.
Publication Date
11-25-1988
Recommended Citation
Müller, Anders, "Property taxation taxonomy and country profiles" (1988). International Research Symposium. 12.
https://researchexchange.iaao.org/irs/irs88/sessions/12
Property taxation taxonomy and country profiles
No doubt immovable property will be an important tax base for all countries in the future - even more important than today. Properties are the basis of a number of different taxes and fees. The most important are property tax, transfer tax (stamp duty), wealth tax, income tax of imputed rentals, capital gain tax, gift and death tax, development contributions, and fees for water, sewerage, sanitation, and fire protection. Growing international economic competition will force countries to realize that lowcost, equitable, and efficient tax administration is just as important as an efficient road and telephone system. Thus, both industrial and developing countries - whether they are socialist or market oriented - will want to improve the administration of the taxes related to properties. Improvement of the tax administration will be based more and more on experience gained in other countries. On a global level, the steps in the improvement process are: 1. Establishment of terminology, taxonomy, and frame of reference. 2. Discussions and agreement on the "best solutions". · 3. Improvements of the administration and tax reforms in countries and regions . The paper aims to contribute to Step 1 in the improvement process. The 1983 O.E.C.D. report, Taxes on Immovable Property, describes the "classical" recurrent property tax. Other types of taxes related to properties are described in the 1979 O.E.C.D. report on wealth tax, etc., and in the 1986 report on the income tax. The paper is based on these reports, but it takes a much broader approach. It attempts to cover all taxes and fees related to immovable property. It covers the valuation process and the information base for valuation and touches on the use of computers and the role of maps for valuation and land information systems.