Property Valuation and Taxation for Fiscal Sustainability – Lessons for Poland

Grover, Richard; Walacik, Marek

doi:10.2478/remav-2019-0004

Cited by 15 publications

(8 citation statements)

References 11 publications

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“…As a means of alternative source of road infrastructure Increments in Dire Dawa City, Ethiopia funding, value added property taxes on increased property values can be partially or totally used for the funding of public capital investments [45,22]. In a nutshell, value capture is all about the increase in value of nearby properties that seems to have benefited from better accessibility that accompanies public capital investments.…”

Section: The Impact Of Road Infrastructure Development On Land Value ...mentioning

confidence: 99%

The Relation Between Road Infrastructural Development and Land Value Increments in Dire Dawa City, Ethiopia

Negashi¹

2022

AJTTE

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The dramatic increment in the need and expansion of road infrastructure requires a sustainable source of funding.The need to implement infrastructure funding by capturing the value uplift due to pubic action becomes an important issue in most developing countries and Ethiopia is not an exception. Road infrastructure has been identified as a major factor in the development of a nation and where is lacking or inadequate usually creates a memorable hardship for road users. Most previous research done was on the subject focuses on financing road infrastructure using traditional funding based on budgetary mechanism. However, the main objective of this research article focuses on the possibility to implement land value capture to finance to expand road infrastructure in the Dire Dawa City. The study applied both qualitative and quantitative approaches where primary and secondary data sources were used. Primary Data was gathered from 166 households and tenant respondents chosen using systematic random sampling techniques and simple random sampling techniques from 10 key informant interviews and 12 Focus Group Discussions that were selected purposively. Secondary data were gathered from different written and documented sources. Quantitative data were analyzed by using descriptive statistical tools like tables, bar graphs, and analytic tools by using Microsoft excel, and Strata software. The finding of this study showed that there was a higher need for sustainable fund sources to respond to an increase in road infrastructure expansion demand in the future. The positive relationship between road infrastructures and land value increment in the study area was observed and it indicates the implementation of appropriate land value capture mechanisms. The mechanisms must have devised to fit for each particular situation. Therefore, applying land value capturing is legitimate to solve the shortage of finance for future expansion of road infrastructure in Dire Dawa City.

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Section: The Impact Of Road Infrastructure Development On Land Value ...mentioning

confidence: 99%

The Relation Between Road Infrastructural Development and Land Value Increments in Dire Dawa City, Ethiopia

Negashi¹

2022

AJTTE

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“…Studies on fiscal sustainability in Central and Eastern European (CEE) countries, including Poland, can be easily found in the literature (see, e.g., Grover, Walacik 2019;Uryszek 2019;Uryszek 2016;Mackiewicz-Łyziak 2015). According to these studies, Poland and other CEE countries have severe problems with the fiscal sustainability level.…”

Section: Literature Reviewmentioning

confidence: 99%

Czy skarbowe instrumenty dłużne są nadal atrakcyjne dla inwestorów zagranicznych? Polska – studium przypadku z wykorzystaniem wskaźników ATM i ATR

Uryszek

Kłysik-Uryszek

2020

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The article’s primary goal is to investigate foreign investors’ activity on the Polish primary debt instruments market in light of the public debt management strategy. We wanted to check the scale of investors’ response to the authorities’ policy in the sovereign debt area. The article consists of five parts. We started with the introduction, followed by a literature review. We then described the research method and data, as well as the empirical discussion.We based our study mostly on the average time to maturity (ATM) and average time to refixing (ATR) indexes. The most important findings, concluding remarks, and policy implications are presented in the last part of the paper. The study’s general outcomes show that despite the deterioration of the State Treasury debt instruments’ overall characteristics targeted to foreign investors, Polish sovereign debt papers remained attractive to buy. It was mostly due to the still relatively low refinancing and interest rate risks for debt denominated in foreign currencies.

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“…Insert Figure 2 here An intellectual case can be made for greater use of recurrent property taxes. Their use reduces reliance on consumption taxes that bear particularly heavily on low income groups, and taxes on income, employment, and profits that can distort investment, reduce incentives for employment and enterprise, and alter the balance between work and leisure and savings and consumption (Grover and Walacik, 2018). They tax accumulated wealth rather than income and so have less of an impact on future behaviour (Norregaard, 2013).…”

Section: Insert Figure 1 Herementioning

confidence: 99%

“…Access to data in the cadastre is through paper systems and the information in it is not linked to the register. It is anticipated that, by 2020, the Construction of an Integrated Real Estate System (ZSIN) will be operational so that there will be a central repository of cadastre data sets and exchanges of data between the cadastre and the property registers (Grover and Walacik, 2018).…”

Section: Barriers To Recurrent Property Tax Reforms: the Lack Of Comprehensive Land Recordsmentioning

confidence: 99%

Barriers to the use of property taxation in municipal finance

Grover

Walacik²,

Buzu³

et al. 2019

JFMPC

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Purpose This study aims to present the findings from a series of case studies that examine the problems faced by countries seeking to introduce value-based recurrent property taxes to replace the ones levied on the basis of area or inventory value. It identifies that two of the most significant barriers are the absence of comprehensive list of taxable properties and inadequate data on transaction prices. Both of these can be overcome with sufficient resources, but this raises the question as to why governments are reluctant to do so, in spite of the advantages of such a change. Design/methodology/approach The paper makes particular use of case studies of Moldova, Poland, Serbia and Turkey, which have explored the potential of introducing value-based recurrent property taxes and the issues they have faced. The case studies have been produced by participant observers who have had the opportunity to examine developments over long periods of time. The case studies are set against a wider statistical analysis of the role of recurrent property taxes in tax systems. Findings Putting in place comprehensive systems for registering properties and recording their characteristics and systematically collecting data on transaction prices require significant investment over a long period of time. This requires commitment on behalf of governments. Governments may be reluctant to support this because of the opposition such reforms can face unless confronted with compelling fiscal or external pressures to act. Research limitations/implications The issues identified are the ones that many countries seeking to introduce value-based recurrent property taxes will face and puts forward how they can be tackled. The case study countries are middle-income ones with relatively well-developed infrastructure, which low-income countries may lack. Practical implications The solutions to overcoming the barriers to value-based recurrent property taxes encountered in the case study countries are the ones that are applicable to many other countries, who can learn from their experience. Originality/value The paper provides a perspective on overcoming the issues encountered in introducing value-based property taxes from the viewpoint of those who have been involved in working out ways of overcoming them and so provides insight that is a useful addition to the literature.

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Property Valuation and Taxation for Fiscal Sustainability – Lessons for Poland

Cited by 15 publications

References 11 publications

The Relation Between Road Infrastructural Development and Land Value Increments in Dire Dawa City, Ethiopia

The Relation Between Road Infrastructural Development and Land Value Increments in Dire Dawa City, Ethiopia

Czy skarbowe instrumenty dłużne są nadal atrakcyjne dla inwestorów zagranicznych? Polska – studium przypadku z wykorzystaniem wskaźników ATM i ATR

Barriers to the use of property taxation in municipal finance

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