A capital value banding system relies upon the concept of dividing properties into different categories according to an estimate of their capital value for the purposes of determining a property tax bill. Rather than valuing the properties to a discrete figure and assigning them to a band, the property values are estimated according to a range of values or bands. Thsi paper will look at the theoretical and methodological issues surrounding the design of a capital value banded system.
Valuation approaches, Property tax administration, Assessment administration
Davis, P., Lim, L. C., & McCluskey, W. (2004). Residential property taxation: A capital value banding approach. Journal of Property Tax Assessment & Administration, 1(3), 51-64. Retrieved from https://researchexchange.iaao.org/jptaa/vol1/iss3/4