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Publisher: Lincoln Institute of Land Policy
Binding: Paperback
ISBN: 1558442006
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Challenging the Conventional Wisdom on the Property Tax
The property tax has many fans among academics, particularly economists, who view the property tax as an appropriate and feasible source of local revenue.Challenging the Conventional Wisdom on the Property Tax review. But the future role of the property tax in government finance systems around the world is unclear. It remains unpopular among voters and politicians, and has been subject to assessment limits, rollbacks, and even elimination across the U.S.; overseas, the low rate of property tax collections is an issue in many OECD countries, and the property tax remains a weak revenue source in developing countriesRead full reviews of Challenging the Conventional Wisdom on the Property Tax.
Read Challenging the Conventional Wisdom on the Property Tax, 9781558442009 reviews by
Challenging the Conventional Wisdom on the Property Tax, ISBN-13: 9781558442009, ISBN-10: 1558442006
New Paperback.
by Roy Bahl - Lincoln Institute of Land Policy (2010) - Paperback - ISBN 1558442006 9781558442009
In a nation whose debt has outgrown the size of its entire economy, the greatest threat comes not from any foreign force but from Washington politicians who refuse to relinquish the intoxicating power to borrow and spend. Senator Tom Coburn reveals the fascinating, maddening story of how we got to this point of fiscal crisis--and how we can escape. Long before America's recent economic downturn, beltway politicians knew the US was going bankrupt. Yet even after several so-called change elections, the government has continued its wasteful ways in the face of imminent danger. With passion and cl
Challenging the Conventional Wisdom on the Property Tax Reviews
But the future role of the property tax in government finance systems around the world is unclear. It remains unpopular among voters and politicians, and has been subject to assessment limits, rollbacks, and even elimination across the U.S.; overseas, the low rate of property tax collections is an issue in many OECD countries, and the property tax remains a weak revenue source in developing countries.
The property tax could, however, be improved in reputation and practice with key policy and administrative reforms, according to Challenging the Conventional Wisdom on the Property Tax, edited by Roy Bahl, Jorge Martinez-Vazquez, and Joan Youngman, which suggests ways to achieve greater voter confidence and more robust property tax systems in both developed and developing countries.
Property tax systems were the subject of a 2008 conference, “What Role for the Property Tax?” that compared theories with practice and was the basis for the volume. Key topics include how the property tax compares with other taxes in terms of efficiency; the political economy of property taxation and land taxation; behavioral responses to the property tax in terms of location choice or land use; tax bases and the fairness of a market-value tax base; taxing property transactions versus ownership; taxing rental versus capital value; the optimal revaluation policy; and the assignments of revenues and functions for property taxes.
The book addresses the reason for the poor state of affairs in practice, and explores issues in re-appraisal, horizontal equity, the “visibility” of the property tax, and how the property tax compares with alternatives, such as the sales tax or a transfer tax imposed when a property is sold.
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