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The Practice of Real Property Taxation in the World

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Abstract

Local property taxes are important sources of own revenues for local governments around the world. However, their potential as a source of own revenues are not fully exploited especially in the developing countries due to inefficiencies in tax administration. Even in industrial countries, use of this tax instrument in dealing with urban sprawl remains to be seen. This chapter presents a synthesis of global practices in real property tax to make this knowledge readily accessible to practitioners and students. It is intended to serve as a primer on worldwide practices on real property taxes to guide better design and administration of these taxes to fulfill fiscal and social policy and economic development objectives.

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  1. 1.School of BusinessUniversity of New EnglandArmidaleAustralia
  2. 2.Department of EconomicsTrent UniversityPeterboroughCanada
  3. 3.University of AlbertaEdmontonCanada
  4. 4.Governance StudiesBrookings InstitutionWashington, DCUSA

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