Abstract
The aim of the paper is to address the issue of social inequity in Italy due to property taxation. The European Union has declared the fact that cadastral values used to define property taxation in Italy do not reflect market prices. In this paper, we analyze the discrepancies between cadastral values and listing prices. Furthermore, we find empirical coefficients to apply to current cadastral values to reduce the spread between current cadastral values and market prices. The procedure used is very simple and could easily be applied by local public administrations in order to correct the inequity produced by the current property taxation system within the same city and among various cities.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Bourassa S, Cantoni E, Hoesli M (2007) Spatial dependence, housing submarkets, and house prices. J Real Estate Financ Econ 35(2):143–160
Bourassa S, Cantoni E, Hoesli M (2010) Predicting house prices with spatial dependence: a comparison of alternative methods. J Real Estate Res 32(2):139–159
Bourassa S, Hoesli M, Peng VS (2003) Do housing submarkets really matter? J Hous Econ 12(1):12–28
Curto R, Fregonara E, Semeraro P (2014) Come rendere più eque le rendite catastali in attesa della riforma del Catasto? Territorio Italia 1:61–84
Curto R, Fregonara E, Semeraro P (2015) Listing behaviour in the Italian real estate market. Int J Hous Markets Anal 8(1):97–117
Fregonara E, Semeraro P (2013) The impact of house characteristics on the bargaining outcome. J Eur Real Estate Res 6(3):262–278
Goodman AC, Thibodeau TG (1998) Housing market segmentation. J Hous Econ 7:121–143
Rosen S (1974) Hedonic prices and implicit markets: product differentiation in pure competition. J Polit Econ 82(1):34–55
Taltavull P, McGreal S (2009) Measuring price expectations: evidence from the Spanish housing market. J Eur Real Estate Res 2(2):186–209
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2017 Springer International Publishing AG
About this chapter
Cite this chapter
Curto, R., Fregonara, E., Semeraro, P. (2017). Market Prices and Property Taxation in Italian Real Estate: A Turin Case Study. In: Stanghellini, S., Morano, P., Bottero, M., Oppio, A. (eds) Appraisal: From Theory to Practice. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-319-49676-4_11
Download citation
DOI: https://doi.org/10.1007/978-3-319-49676-4_11
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-49675-7
Online ISBN: 978-3-319-49676-4
eBook Packages: EnergyEnergy (R0)