Beyond the acronyms: local property taxation in Italy

Giovanna Messina () and Marco Savegnago

No 250, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper traces recent developments in local real estate taxation in Italy. We exploit a rich dataset at both aggregate and individual level to estimate the variation in local taxes on first homes in the last three years and the redistributive impact of the adoption of the tax on indivisible services in 2014. Local property taxes on first homes average one fifth lower in 2014 than in 2012; including waste disposal taxes, the overall local fiscal burden remains broadly stable. However, taxation bears more heavily on lower-income households, owing to decreased allowance for tax deductions. To conclude, the paper examines possible future local property tax reform measures (keeping total revenue constant) to enhance transparency and equity.

Keywords: property taxes; local taxes; redistribution (search for similar items in EconPapers)
JEL-codes: H23 H71 (search for similar items in EconPapers)
Date: 2014-11
New Economics Papers: this item is included in nep-pub and nep-ure
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://www.bancaditalia.it/pubblicazioni/qef/2014-0250/QEF_250.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_250_14

Access Statistics for this paper

More papers in Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC.
Bibliographic data for series maintained by ().