Toward a Beneficial Property Tax Agenda for Sustainable Growth

Ehtisham Ahmad () and Giorgio Brosio ()
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Ehtisham Ahmad: London School of Economics and Political Science
Giorgio Brosio: University of Torino

Chapter Chapter 7 in Beneficial Property Taxation for Emerging Market Countries, 2022, pp 139-144 from Springer

Abstract: Abstract In this chapter we link the need for a more effective local own-source revenue base to the sustainable growth agenda. The argument for a beneficial property tax on non-business properties, based on simple criteria, is highlighted, given the need to generate revenues quickly, and in an equitable manner. The tax-benefit link is critical for political economy purposes under all economic systems, as well as the simplification using area/location and occupancy. A functional administration permits arm’s length operations, along with satellite imagery and blockchain technology. A strengthened property tax would reduce the need for reliance on land sales, which has huge environmental and adverse distributional consequences. However, it should be part of a broader reform that also includes within province/state fiscal equalization to avoid generating unsustainable migration incentives to mega metropolises, some of which are sinking, like Mexico City and Jakarta.

Keywords: Taxation of property; Tax reform; Sustainable urban growth; Local accountability; Tax-benefits links (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-08612-0_7

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DOI: 10.1007/978-3-031-08612-0_7

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