Forming the Immovable Property Taxation System for Individuals

Abstract

The goal of the article is to consider and deepen the theoretical methodological foundations of the immovable property taxation for individuals. The following research methods were applied to achieve the goal: systemic method, abstraction method, and logical generalization method. The theoretical approaches to the taxation of immovable property have been used in the article, and the principles of forming the immovable property taxation system for individuals have been defined. Property taxation systems have been systematized based on the analysis of scientific literature and an expert survey, according to the following criteria: aggregate cost taxation, inheritance and gift taxation, capital gains taxation, and taxation of certain property types. The global property taxation systems have been summarized and classified according to the method for the tax base definition method, their advantages and disadvantages have been noted. The international experience of immovable property taxation based on the market, rental, cadastral, regulatory value, and property area has been considered.