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A Primer on Property Tax: Administration and Policy / Edition 1

A Primer on Property Tax: Administration and Policy / Edition 1

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Product Details

ISBN-13: 9781405126496
Publisher: Wiley
Publication date: 01/04/2013
Pages: 394
Product dimensions: 7.00(w) x 9.70(h) x 0.90(d)

About the Author

William J. McCluskey is Reader in Real Estate andValuation at the University of Ulster, where he received his Real Estate Valuation in 1999. He has held various internationalpositions including Visiting Professor of Real Estate at theUniversity of Lodz, Poland, Professor of Property Studies atLincoln University, Christchurch, New Zealand and is currentlyVisiting Professor in Real Estate at University of Technology,Malaysia. His main professional and academic interests are in thefields of real estate valuation, developing automated valuationmethods and property tax policy. In addition, he has been aninvited instructor in real estate at the African Tax Institute andthe Lincoln Institute of Land Policy: China Programme. He is afaculty member of the Lincoln Institute of Land Policy and foundingboard member of the International Property Tax Institute.

Gary C. Cornia is the Dean of the Marriott School ofManagement at Brigham Young University.  He is the pastpresident of the National Tax Association and has served as StateTax Commissioner in Utah. He has been a visiting Fellow at theLincoln Institute of Land Policy and a visiting Scholar at theAndrew Young School of Policy at Georgia StateUniversity.   He has published a variety of articles onstate and local tax policy, decentralization, and propertytax.  He received his Ph.D. from The Ohio StateUniversity.

Lawrence C. Walters is the Stewart Grow Professor ofPublic Management at the Romney Institute of Public Management,Brigham Young University. His teaching includes courses on land andreal estate taxation at the Institute for Housing and UrbanDevelopment Studies, Erasmus University Rotterdam. He has overforty publications on public policy and management topics, severalof which have received national awards for excellence. He has justcompleted a property tax policy guide for developing countriessponsored by UN-Habitat and a book on managing “wicked”environmental problems.  He received his Ph.D. from theWharton School at the University of Pennsylvania.

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Table of Contents

About the Contributors xi

Foreword by David L. Sjoquist xvii

Introduction xxv

1 Property Tax: A Situation Analysis and Overview 1
Harry Kitchen

Introduction 1

Role for property taxes 2

Importance of the property tax 3

Choice of tax base 3

Issues in assessment 6

Issues with property tax rates 15

Incidence of the property tax 26

Politics of the property tax 33

Future for the property tax 35

Summary 35

References 37

2 Value-Based Approaches to Property Taxation 41
Riël Franzsen and William J. McCluskey

Introduction 41

Overview of property tax bases 42

Value-based approaches 45

Concept of market value 54

Traditional valuation methods 59

Conclusions 63

References 64

3 The Politics of the Property Tax 69
Enid Slack

Introduction 69

Unique characteristics of the property tax 70

Principles for designing the property tax 73

Characteristics of the property tax 73

Property tax revolts, tax limitations and tax relief 79

The politics of property tax reform 81

The property tax as a local tax 83

Conclusion 86

References 87

4 Administration of Local Taxes: An International Review ofPractices and Issues for Enhancing Fiscal Autonomy 89
John L. Mikesell

Introduction 89

Central administration 91

Independent local administration 98

The special case of property taxes 106

Conclusion 119

References 121

5 Establishing a Tax Rate 125
Kurt Zorn

Introduction 125

What level of government should set the property tax rate26

Types of tax rates 131

Determining the tax rate 133

Who sets the rate? 134

Rate setting in practice 135

Conclusions 138

References 138

6 Property Tax Collection and Enforcement 141
Roy Kelly

Introduction 141

Policy and administrative determinants of property tax revenues142

Definition of model variables 143

Common reasons for low rates of collection and enforcement149

Designing an effective property tax collection system 153

Enforcing against noncompliance 161

Summary thoughts 168

References 170

7 The Tax Everyone Loves to Hate: Principles of Property TaxReform 173
Jay K. Rosengard

Introduction 173

Primary rationale for reform 174

Fundamental principles of reform 176

Strategic choices in reform 178

Policy pitfalls of reform 183

Conclusion 184

References 185

8 Legal Issues in Property Tax Administration 187
Frances Plimmer

Introduction 187

Tax policy 188

Property taxation 192

Uniformity/equity/fairness/treatment of taxpayers 198

Conclusions 204

References 205

9 Tax Criteria: The Design and Policy Advantages of aProperty Tax 207
Gary C. Cornia

Introduction 207

Independent and autonomous revenues 209

Adequate and stable revenue 211

Hedging the revenue bets 212

How broad is the tax base? 212

Financial support for infrastructure 214

Capturing the increased value resulting from publicinfrastructure 214

Immobile base 215

Benefit tax 216

Ability to pay taxes 217

Ease of compliance 218

Ease and cost of administration 219

Transparent taxes 219

Political acceptability 221

Subnational tax systems and horizontal inequity 221

Advantages of the property tax 222

Disadvantages of the property tax 225

Conclusion 226

References 226

10 Estimating Property Tax Revenue Potential 229
Lawrence C. Walters

Introduction 229

Fiscal capacity and fiscal effort 231

Fiscal capacity 231

Estimating aggregate property value 232

Property tax capacity and effort in the OECD 235

Adjusting for undeveloped land 238

Estimating local revenue potential 244

Conclusion 246

References 246

11 Taxing Public Leasehold Land in Transition Countries249
Yu-Hung Hong

Introduction 249

Public leasehold systems 250

Land ownership and taxation 251

Land rent, property tax and tax incidence 256

Valuing public leasehold for tax purposes 260

Conclusions 261

References 263

12 Property Tax and Informal Property: The Challenge of ThirdWorld Cities 265
Martim Smolka and Claudia M. De Cesare

Introduction 265

The phenomenon of informal land occupations 266

Property tax performance in cities with

extensive informality 271

The property tax as a tool for reducing informality 278

Conclusion 283

References 284

13 Non-market Value and Hybrid Approaches to PropertyTaxation 287
William J. McCluskey and Riël Franzsen

Introduction 287

Non-market valuation approaches 287

Other non-value approaches 293

Hybrid alternatives that use a form of value as the basis forthe property tax 293

Flat-rate taxes 301

Conclusions 303

References 303

14 Computer Assisted Mass Appraisal and the Property Tax307
William J. McCluskey, Peadar Davis, Michael McCord, DavidMcIlhatton and Martin Haran

Introduction 307

Concepts of CAMA and quality control issues 309

Mass appraisal techniques 315

Case study: MRA modelling 326

Conclusions 333

References 334

15 Geographic Information Systems and the Importance ofLocation: Integrating Property and Place for Better InformedDecision Making 339
David McIlhatton, Michael McCord, Peadar Davis and MartinHaran

Introduction 339

Conclusions 355

References 356

Index 359

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