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Rental Value versus Capital Value: Alternative Bases for the Property Tax

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Author Info
William J. McCLuskey () (University of Ulster)
Michael E. Bell () (The George Washington Institute of Public Policy (GWIPP))
Abstract

With the fall of the Berlin wall, and the subsequent collapse of communism, an era of reforms was initiated in Central and Eastern Europe and Central Asia which has spread around the globe. A central element in this reform process has been an interest in decentralizing governmental decision making from the central government to autonomous local self-governments. A critical element in such a decentralization strategy is the need for local governments to have their own source of revenue controlled by local officials. Specifically, to fully realize the efficiency benefits of fiscal decentralization, autonomous local governments require that they generate adequate own-source revenues to provide the level and quality of services demanded by residents and businesses.

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Publisher Info
Paper provided by International Studies Program, Andrew Young School of Policy Studies, Georgia State University in its series International Studies Program Working Paper Series, at AYSPS, GSU with number paper0818.

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Length: 39 pages
Date of creation: 01 Dec 2008
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Handle: RePEc:ays:ispwps:paper0818

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Related research
Keywords: Rental Value; Capital Value; Property Tax; property tax base;

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  1. Roy Bahl, 1999. "Implementation Rules For Fiscal Decentralization," International Studies Program Working Paper Series, at AYSPS, GSU paper9803, International Studies Program, Andrew Young School of Policy Studies, Georgia State University. [Downloadable!]
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