Theoretical concepts of property tax, an essential source of local government revenue in Europe

Abstract

The article explores the problems of theoretical aspects of local tax system rationalisation. The deliberations conducted concern possibilities of referring recommendations made by the contemporary theoretical achievements describing economic effects of property taxation to the tax practice of certain European countries (for example Poland). The content of the article indicates that conclusions resulting from the theory of property taxation should support the operational transformations of the local tax system..Having analysed influential studies on property taxation the author expresses his opinion that despite essential differences, both approaches (benefit view and capital view) have a great value. It should be stated, however, that we have to do with the tax which is not a pure tax on benefit because the owners of property, while improving it, are charged with higher taxes, being thus discouraged from any investments. Simultaneously, benefits resulting from social and economic programmes conducted at the local level are reflected in the local property value. The article applies the method of analysis and literature criticism as well as the intuition method.

Implementation of Assessment Principles, Performance, and Client Satisfaction of Municipal Assessment Offices in Negros Occidental, Philippines

“…This finding strengthened the studies of Gayer and Mourre (2012) and Goodfellow (2016) that applying the procedures in the valuation of real properties means ensuring the consistency, uniformity, and accuracy of valuations and applying the rules and regulations and principles of property assessment as provided by law indicates great implementation. It is substantiated by the findings of Felis (2014) and Zaragoza and Caelian (2020) that property taxation determines the revenue potential of local governments and constitutes a stable part of their own resources.…”

“…4 accuracy of valuations and applying the rules and regulations and principles of property assessment as provided by law indicates great implementation. It is substantiated by the findings of Felis (2014) and Zaragoza and Caelian (2020) that property taxation determines the revenue potential of local governments and constitutes a stable part of their own resources.…”

An (in)effective tax and expenditure limit (TEL): Why county governments do not utilize their maximum allotted property tax rate

“…These conclusions are useful for state policymakers in the United States as they try to determine the best taxing system for their constituents. Furthermore, as property tax becomes a larger component of the local tax system in Europe (see Felis, 2014), policymakers can use this article's findings to better understand how cities may be affected by increasing property tax rates.…”