A Primer on Property Tax: Administration and Policy by William J. McCluskey, Gary C. Cornia, Lawrence C. Walters

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By William J. McCluskey, Gary C. Cornia, Lawrence C. Walters

'The chapters during this publication discover intimately the alternatives relating to either the constitution and management of the valuables tax, drawing at the vast wisdom the authors have received in learning estate taxes around the globe. The chapters offer a wide-ranging therapy of the layout offerings and administrative projects, either by way of the breadth of layout ideas and administrative initiatives coated and the intensity of the discussion.  The authors describe the variety of layout offerings, speak about the linked concerns and the benefits and drawbacks for every, and current the factors to assist opt for one of the options.’

From the book’s Foreword via David L. Sjoquist, Professor of Economics and Dan E. Sweat pupil Chair in academic and neighborhood coverage, Georgia country University

Property taxation is a key point in offering a superior starting place and a reliable investment resource for simple public services.

Developing and enforcing a estate tax approach is a posh activity. This complexity is compounded via the range of felony, cultural and ancient contexts of policymakers and tax directors. the realm improvement document (1999-2000), Entering the twenty first Century places monetary decentralization on the best of the improvement time table. This makes neighborhood taxation - and particularly the valuables tax alternative - of severe significance to either tax and land coverage, in addition to the wider improvement agenda.

A Primer on estate Tax: management and Policy offers the reader with an research of concerns surrounding estate tax, together with economics, legislation, public finance, decentralisation, valuation, GIS and estate tax reform. A key power of the ebook lies within the substantial overseas adventure of the authors and the e-book will supply for the 1st time fabric that is topical, state-of-the-art and hugely proper to a few of the disciplines all for estate taxation.

The authors research the standards utilized to judge the strengths and weaknesses of estate tax, speak about the most valuation equipment and the industrial ideas underpinning them and overview the criminal and administrative facets of estate tax worldwide.

Chapter 1 estate Tax (pages 1–40): Harry Kitchen
Chapter 2 Value?Based techniques to estate Taxation (pages 41–68): Riel Franzsen and William J. McCluskey
Chapter three The Politics of the valuables Tax (pages 69–88): Enid Slack
Chapter four management of neighborhood Taxes (pages 89–124): John L. Mikesell
Chapter five setting up a Tax cost (pages 125–139): Kurt Zorn
Chapter 6 estate Tax assortment and Enforcement (pages 141–171): Roy Kelly
Chapter 7 The Tax each person likes to Hate (pages 173–186): Jay ok. Rosengard
Chapter eight criminal concerns in estate Tax management (pages 187–205): Frances Plimmer
Chapter nine Tax standards (pages 207–227): Gary C. Cornia
Chapter 10 Estimating estate Tax profit strength (pages 229–247): Lawrence C. Walters
Chapter eleven Taxing Public Leasehold Land in Transition international locations (pages 249–264): Yu?Hung Hong
Chapter 12 estate Tax and casual estate (pages 265–286): Martim Smolka and Claudia M. De Cesare
Chapter thirteen Non?Market worth and Hybrid ways to estate Taxation (pages 287–305): William J. McCluskey and Riel Franzsen
Chapter 14 laptop Assisted Mass Appraisal And the valuables Tax (pages 307–338): William J. McCluskey, Peadar Davis, Michael McCord, David McIlhatton and Martin Haran
Chapter 15 Geographic details platforms and the significance of situation (pages 339–357): David McIlhatton, Michael McCord, Peadar Davis and Martin Haran

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Specifically, it has been argued that revenues from a portion of the non-residential property tax should be replaced with revenues from a new business value tax (BVT). This BVT would be a value-added tax. It would be levied on business income. It would be on production and not consumption. This would make it an origin-based, not a destination-based tax; hence, it would tax exports and not imports. Further, it is suggested that it be a provincial tax, with municipalities having the opportunity to set local rates that are ‘piggy-backed’ onto the provincial rate.

A sensible approach is to split the cost of improvements that benefit an abutting property and the public at large by charging the bordering properties, for example, 40–60 per cent of the total construction costs, with the municipality raising the balance. The challenge is to match the share assigned to abutting properties with the marginal benefit to those properties. The third type of charge is a value capture levy. It can be designed to recover the increase in land value arising from a public investment.

A. a. a. a. Appellate Authority; appeal against revision Objections to Directorate of Property Tax Periodic revision of assessments Every 3 years (annual in cases of rapid development) Every 3 years Every 4 years Committee Once a year for urban real estate tax 10 A Primer on Property Tax In some countries, special treatment is also accorded to managed forest lands (Canada and Poland, are two examples). This treatment takes a number of forms. In some Canadian provinces, for example, forest lands are exempt from property taxation; in others, they are taxed at a fixed amount per hectare; in still others their assessment is fixed in value (Kitchen, 2002).

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