Addressing property taxation challenges for developing countries: an application of a spatially based, weighted parametric valuation model

Authors

Mohammad Syful Hoque, Institute for Public Policy and Practice

Abstract

This paper presents a methodology for estimating the market value of properties when data are limited. Thus, it has important implications for many developing countries that would benefit from increased property tax revenues. Lack of data on sale prices and an appropriate valuation method are two reasons that property tax revenues are so low in many countries. The methodology in this paper is intended to overcome these short­comings. This paper describes a comprehensive framework for applying a simple, admin­istratively compliant, and cost-effective solution to location-wise property valuation. For that, a spatially based, weighted parametric model for the individual property level is developed using the physical, spatial, environmental, and market factors that are most influential in value determination.

First Page

15

Last Page

40

Keywords

Property tax administration

Recommended Citation

Hoque, M. S. (2019). Addressing property taxation challenges for developing countries: an application of a spatially based, weighted parametric valuation model. Journal of Property Tax Assessment & Administration, 16(2), 15-40. Retrieved from https://researchexchange.iaao.org/jptaa/vol16/iss2/2