Towards a Sustainable Property Tax System for Regional Development by Integrating the Antifragility Concept

This study presents a novel approach for developing a sustainable property tax system, aimed at enhancing economic stability and promoting sustainable regional development. This research employs a phenomenological methodology, which includes a comprehensive review of the scientific and practical literature, and their critique and synthesis. The authors also draw on their experiences with the tax system transformation within their own country. This study explores the integration of a consensual governance approach and the concept of antifragility into the complex issue of property taxation. The primary objective is to design a property tax management model that not only fulfills its economic functions, but also fosters an antifragile taxpayer society, contributing to the creation of a resilient and socially cohesive community. The findings demonstrate that a consensual and transparent property tax system, actively involving local stakeholders in decision-making processes, not only reduces resistance to tax reforms but also strengthens a community’s ability to adapt to economic fluctuations. By integrating the principles of good governance and sustainable development, the proposed model promotes socio-economic stability and provides a flexible framework that can accommodate diverse stakeholders needs, ultimately benefiting the broader community through enhanced social cohesion and long-term sustainability.