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08-08: Land Valuation to Improve Tax Collection: Case Studies
The Advantages of a Mixed System of Property Taxation
Netherlands Council for Real Estate Assessment, Netherlands, The
When a property tax system is introduced, a tax basis must be selected. Two commonly used bases for such a tax are the value of a property and the size of a property. Depending on local circumstances, policymakers should take into account the different pros and cons of different tax bases. In the Netherlands different layers of government make use of the data available in the base registers, including data on area and data on value of properties, to levy both ad valorem taxes and area-based taxes. Based on the experiences from the Netherlands we answer the question how a “mixed system” in which the two types of property tax are combined to enhance both equity an efficiency.
Innovative Approaches In Preparation For Mass Valuation In Serbia
1Republic Geodetic Authority of Serbia, Serbia; 2Food and Agriculture Organization of UN; 3Oxford Brookes University, UK
In August of 2017 Public debt of Serbia in amounted to EUR 23.8 billion, or 64.6% of GDP. Improving the yield from property taxation could reduce the fiscal deficit. If a value-based property tax is to be established on a sustainable basis, certain preconditions need to be met:
• A comprehensive record of taxable objects.
• An accurate source of transaction price data for modelling property values - sales prices and rents.
• A valuation infrastructure.
Serbia is addressing these problems and the paper will describe how this is being done and the results to date:
• The development of a comprehensive inventory of buildings and real estate objects from satellite images.
• Sales Price Register.
• The Valuation Law and how it will produce a valuation profession.
Serbia will try in cooperation with FAO, the private sector and academic partners to involve crowdsourcing concept and innovative technology in work.
Piloting Innovative Approaches to Valuing Commercial Property for Taxation Purposes: Occupier Assisted Valuations
1Valuation Office, Ireland; 2World Bank, United States of America
An important objective of the Valuation Office of Ireland is to accelerate the delivery of its national property valuation program. This required the adoption of new innovative processes and procedures and which have now been introduced through the enactment of new legislation. The June 2015 Valuation (Amendment) Act introduced an innovative approach that can help speed up the revaluation process: Occupier-Assisted Valuations (OAVs). The new OAV provisions provide for elements of self-assessment by occupiers in the valuation for rating purposes of commercial and industrial property. This paper describes the OAV pilot process and its challenges, while drawing lessons for other countries also looking to conduct revaluations.
Separate Land and Building Valuation Systems for Taxation?
1The World Bank, United States of America; 2Aalto University, Finland
This paper discusses the common historical approach of valuing land and buildings separately for property taxes, and the parallel of taxing land and buildings separately. The paper explains rationale for dual valuation systems and dual taxes with the known benefits and challenges. Comparison is made between the historical case of the State of Indiana in the United States, the on-going property taxation reform in Finland and two other samples where the unification of land and building valuation and taxation have been considered. The paper raises several issues with the equality and accuracy of the property taxes stemming from the dualism in valuation, which are severed by urbanization, and seeks explanation to why the problems are often tolerated despite the challenges. The article’s conclusions will contribute to the global trend of enhancing property taxation for better local services, and recommend ways towards modern, equitable, value based property taxes.