Advertisement

The Sustainable Limit of the Real Estate Tax: An Urban-Scale Estimation Model

  • Antonio Nesticò
  • Gianluigi De Mare
  • Marco Galante
Part of the Lecture Notes in Computer Science book series (LNCS, volume 8581)

Abstract

The equalization criterion is important in relation to the real estate tax. The amount that the taxpayer must pay to the government should be commensurate with the current market value of the asset. In several European Countries, including Italy, the real estate tax is based on cadastral incomes, which often do not express the assets real market value. The evaluation model proposed in this study, developed following the evaluation logic of typical values procedure, aims to get to tax equalization by revising tax rates according to market information properly collected from datasets provided by private or public agencies. The model is set-up following these stages: analysis of the price formation mechanisms for urban properties and choice of evaluation process; selection of real estate features needed to achieve the tax equalization aims; data collection; definition of value function; calculus of the Municipal Property Tax; model calibration. The validity of the model is demonstrated by a case study application carried out on a wide urban area in which are situated about 500 real estate units.

Keywords

municipal property tax housing market market value equalization 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. 1.
    Morano, P.: La stima degli indici di urbanizzazione nella perequazione urbanistica. Alinea, Firenze (2007)Google Scholar
  2. 2.
    European Commission, Directorate General for Employment, Social Affairs and Inclusion: Employment and Social Developments in Europe, Belgium (2012)Google Scholar
  3. 3.
    Buoncompagni, A., Momigliano, S.: Commissione VI del Senato della Repubblica (Finanze e Tesoro). Audizione nell’ambito dell’indagine conoscitiva sulla tassazione degli immobili. Banca d’Italia, Roma (2013)Google Scholar
  4. 4.
    Hellerstein, J.H., Hellerstein, W.: State and Local Taxation, Cases and Materials, 8th edn. American Casebook Series. West Group (2001)Google Scholar
  5. 5.
    Karayan, J.E., Gupta, S., Swenson, C.W., Neff, J.: State and Local Taxation: Principles and Planning. J. Ross Publishing, U.S.A (2004)Google Scholar
  6. 6.
    Crosti, A.: Le nuove imposte patrimoniali sugli attivi posseduti in Francia. Fiscalità & Commercio internazionale, n. 6/2012, IPSOA, Milano (2012)Google Scholar
  7. 7.
    VV. AA.: La tassazione immobiliare in Italia e nei principali Paesi Europei: un confronto internazionale. Agenzia delle Entrate, Roma (2012)Google Scholar
  8. 8.
    Dallera, G.: Imposizione patrimoniale ed esperienze di altri Paesi, in The Libro Bianco. Scuola Superiore dell’Economia e delle Finanze Ezio Vanoni - Ministero dell’Economia e delle Finanze, Roma (2008)Google Scholar
  9. 9.
    Pola, G.: La Council Tax britannica. Tributi in Toscana n. 7, Firenze (2007)Google Scholar
  10. 10.
    De Mare, G., Manganelli, B., Nesticò, A.: Dynamic Analysis of the Property Market in the City of Avellino (Italy). In: Murgante, B., Misra, S., Carlini, M., Torre, C.M., Nguyen, H.-Q., Taniar, D., Apduhan, B.O., Gervasi, O. (eds.) ICCSA 2013, Part III. LNCS, vol. 7973, pp. 509–523. Springer, Heidelberg (2013)CrossRefGoogle Scholar
  11. 11.
    De Mare, G., Nesticò, A., Tajani, F.: Building Investments for the Revitalization of the Territory: A Multisectoral Model of Economic Analysis. In: Murgante, B., Misra, S., Carlini, M., Torre, C.M., Nguyen, H.-Q., Taniar, D., Apduhan, B.O., Gervasi, O. (eds.) ICCSA 2013, Part III. LNCS, vol. 7973, pp. 493–508. Springer, Heidelberg (2013)CrossRefGoogle Scholar
  12. 12.
    VV. AA.: Linee guida per la valutazione degli immobili in garanzia delle esposizioni creditizie. Associazione Bancaria Italiana, Roma (2011)Google Scholar
  13. 13.
    Tamborrino, M.: Come si stima il valore degli immobili. IlSole24Ore, Milano (2012)Google Scholar
  14. 14.
    Orefice, M.: Estimo civile. UTET, Torino (1995)Google Scholar
  15. 15.
    Morano, P., Tajani, F.: Estimative analysis of a segment of the bare ownership market of residential property. In: Murgante, B., Misra, S., Carlini, M., Torre, C.M., Nguyen, H.-Q., Taniar, D., Apduhan, B.O., Gervasi, O. (eds.) ICCSA 2013, Part IV. LNCS, vol. 7974, pp. 433–443. Springer, Heidelberg (2013)CrossRefGoogle Scholar
  16. 16.
    VV. AA.: International Valuation Standards. International Valuation Standards Council, London (2011)Google Scholar
  17. 17.
    Hefferan, M., Boyd, T.: Property taxation and mass appraisal valuations in Australia. Adapting to a New Environment. Property Management 28(3) (2010)Google Scholar

Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Antonio Nesticò
    • 1
  • Gianluigi De Mare
    • 1
  • Marco Galante
    • 1
  1. 1.Department of Civil EngineeringUniversity of SalernoFisciano (SA)Italy

Personalised recommendations