Property Tax in BRICS Megacities

Abstract

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Analysis and cartographic presentation of factors impacting tax yield from the charge for the use of building ground

“…Property taxation systems have been studied in numerous scientific studies (Almy, 2001;Bahl, Martinez-Vazquez and Youngman, 2010;Bird and Slack, 2007;Cho, Roberts and Lambert, 2017;Dove, 2017;Haveman and Sexton, 2008;Hou, Ren and Zhang, 2015;Mirrlees et al, 2011;Salm, 2017;Slack and Bird, 2014). Internationally, many studies have been conducted on factors impacting the tax base and consequently the tax burden related to property taxation.…”

“…Sistemi obdavčitve nepremičnin so predmet številnih znanstvenih raziskav (Almy, 2001;Bahl, Martinez-Vazquez in Youngman, 2010;Bird in Slack, 2007;Cho, Roberts in Lambert, 2017;Dove, 2017;Haveman in Sexton, 2008;Hou, Ren in Zhang, 2015;Mirrlees et al, 2011;Salm, 2017;Slack in Bird, 2014). Izvedene so številne študije dejavnikov, ki vplivajo na davčno osnovo in posledično na davčno breme pri obdavčitvi nepremičnin.…”

Comparative financing of megacities in multi-level BRICS states

“…they are the most populous cities with above average economic power) in order to identify the variance in local own-tax revenue collection – especially with regard to property taxes. Hence, the property tax performance (dependent variable) displays the needed variance, while the explanatory or independent variables indicate a comparably low level of variance; thus, they satisfy the basic idea of MSCD (Salm, 2017).…”

Urban land speculation: model development

“…They all refer to land value taxation where the tax base is specific to vacant land and building. This is an important element when land value taxation is to be used to induce a certain behavior, such as to hasten land and building development and reduce speculation (Brown et al , 1981; Fox and Soper, 1952; Irwin and Bockstael, 2007; Salm, 2017). In practice, some central and local authorities have employed land value taxation as a tool to discourage land and building speculation.…”

“…This progressive rate can reflect the economic capacity of the tax payer, reflecting the higher ability to pay as the value of property increases, as well as progressivity in time, which is foreseen to stimulate development and discourage land and building speculation. As Salm (2017) makes clear, the latter is a punitive instrument against immovable property, in the form of land or building, which do not fulfil the social function of property and is held speculatively out of the market or is underutilized.…”