Approaches to Real Estate Taxation in the Czech Republic and the EU Countries

Janoušková, Jana; Sobotovičová, Šárka

doi:10.1007/s11294-020-09813-0

Cited by 3 publications

(5 citation statements)

References 10 publications

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“…If ecological factors are disregarded, such investments are considered outliers [5], and one environmental sector is becoming an important part of the construction industry [6], which can be seen both in the European market [7] and the Polish market [8]. Furthermore, due to the specificity of local markets, individual economic factors may influence their development with varying strengths [9].…”

Section: Literature Reviewmentioning

confidence: 99%

Renewable Energy Sources in the Residential Property Market, Exemplified by the City of Krakow (Poland)

Jasińska,

Preweda,

Łazarz

2023

Sustainability

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Krakow has a permanent population of over 800,000. The number of inhabitants is increasing year on year due to the influx of working people and students, who often settle in Krakow permanently. This is leading to increased demand and consequently more flats and houses being put into use by developers. The increasing environmental awareness of the population and the resulting financial benefits—particularly evident in 2022—have meant that the classic, or rather ill-considered, building industry is gradually being replaced by better, environmentally friendly solutions. In the first part of the article, the authors focus on smart buildings, and in the second part, they combine them with financial changes in the real estate market. The aim of the publication is to draw conclusions from the changes in the real estate market in Krakow that have taken place in the last decade and to assess these activities from the point of view of environmental solutions. The data are mainly derived from official statistics and trade reports published by research institutes, marketing agencies operating in the real estate sector in Poland, as well as specialist portals and publications dealing with real estate market analysis. The publication analyzes changes in the real estate market in terms of changes in unit prices, number of transactions, and availability. The analysis covers landed property, the primary and secondary premises market, developed property, and tenement buildings.

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Section: Literature Reviewmentioning

confidence: 99%

Renewable Energy Sources in the Residential Property Market, Exemplified by the City of Krakow (Poland)

Jasińska,

Preweda,

Łazarz

2023

Sustainability

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“…It is necessary to stress that the Czech real estate tax is meagre and among the lowest within the OECD countries (OECD, 2020). Its low yield reflects the broader pattern of the lower significance of real estate taxes in transition countries (Janoušková and Sobotovičová, 2021). This tax made up 4% of municipal budgets in 2012 (Sedmihradská, 2013) and 0.6% of total national tax revenue in 2017 (Janoušková and Sobotovičová, 2021).…”

Section: Real Estate Taxmentioning

confidence: 99%

“…Its low yield reflects the broader pattern of the lower significance of real estate taxes in transition countries (Janoušková and Sobotovičová, 2021). This tax made up 4% of municipal budgets in 2012 (Sedmihradská, 2013) and 0.6% of total national tax revenue in 2017 (Janoušková and Sobotovičová, 2021). Calculating the real estate tax amount for each property is a complex process.…”

Section: Real Estate Taxmentioning

confidence: 99%

“…Although experts recommend calculation based on market value, its implementation is hindered by the financial and administrative demands of the valuation system (Janoušková and Sobotovičová, 2021).…”

Section: Real Estate Taxmentioning

confidence: 99%

“…The real estate tax does not play any role in the decision-making concerning the use of the property, as it is too low. Similarly, the possibilities of coefficients' adjustment given to municipalities do not significantly affect the total amount of real estate tax collected as they are rarely used (Janoušková and Sobotovičová, 2021) Real estate transfer tax applied on the property purchaser was abolished in 2020, whereas inheritance tax was abolished in 2014. The reason for abolishing transfer tax was, as explained by politicians, to support the real estate market affected by the Covid-19 pandemic.…”

Section: Real Estate Taxmentioning

confidence: 99%

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Public Value Capture of Increasing Property Values across Europe

Halleux¹,

Hendricks²,

Nordahl³

et al. 2022

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A Critical Analysis of Selected Aspects of Real Estate Taxation in the Context of Recent Legislative Amendments in the Czech Republic

Zelenská

2024

RECL

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The real estate tax is the sole property tax in the Czech Republic and has been part of its tax system since its establishment, i.e. since January 1, 1993. The Czech Republic has long been recommended by the Organisation for Economic Co-operation and Development (OECD) to increase the collection of this tax because its yield as a share of gross domestic product (GDP) is one of the lowest among all OECD and EU countries. The lower yield is in part attributable to the manner in which the tax base is determined. The Czech Republic, with the exception of a few minor instances, continues to employ the assessment-based rather than the value-based method of determining the tax base. Furthermore, the Czech Republic is encouraged to use the correction elements at the disposal of municipalities to influence the amount of property tax. This article examines the revenue aspect of real estate tax in the Czech Republic, including the determination of the tax base and the use of correction mechanisms. In light of these considerations, it is evident that the development of the Czech real estate tax system has been influenced by a number of factors, including the introduction of one of the most significant amendments to the Real Estate Tax Act in the country’s history. This amendment, known as the consolidation package, was implemented on January 1, 2024 and has had a profound impact on the current legislation.

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Approaches to Real Estate Taxation in the Czech Republic and the EU Countries

Cited by 3 publications

References 10 publications

Renewable Energy Sources in the Residential Property Market, Exemplified by the City of Krakow (Poland)

Renewable Energy Sources in the Residential Property Market, Exemplified by the City of Krakow (Poland)

Public Value Capture of Increasing Property Values across Europe

A Critical Analysis of Selected Aspects of Real Estate Taxation in the Context of Recent Legislative Amendments in the Czech Republic

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