No abstract

This paper focuses on the share of property taxes in local revenues of Serbian local self-government units in the period 2011-2019, while local self-government units are classified into four groups according to the level of economic development measured by the regional GDP per capita. The results show, that the shares of property taxes on local revenues increased during the monitored period 2011-2019 and are higher in more developed areas of Serbia. We can also point to the unneglectable break in our time series, which is observed in 2013 when Serbian municipalities answered to changes in legislation with a dramatic increase in property taxes to load their budgets with missing resources.