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

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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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  • William J. McCLuskey & Michael E. Bell, 2008. "Rental Value versus Capital Value: Alternative Bases for the Property Tax," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0818, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    • Handle: RePEc:ays:ispwps:paper0818
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    File URL: http://icepp.gsu.edu/files/2015/03/ispwp0818.pdf
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    1. Harry Gunnison Brown, 1928. "Taxing Rental Versus Taxing Salable Value of Land," Journal of Political Economy, University of Chicago Press, vol. 36(1), pages 164-164.
    2. Jane H. Malme & Joan M. Youngman, 2001. "The Development of Property Taxation in Economies in Transition : Case Studies from Central and Eastern Europe," World Bank Publications - Books, The World Bank Group, number 14071, April.
    3. Roy Bahl, 1999. "Implementation Rules For Fiscal Decentralization," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper9901, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
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    Cited by:

    1. Keane, Claire & Walsh, John R. & Callan, Tim & Savage, Michael, 2012. "Property Tax in Ireland: Key Choices," Papers EC11, Economic and Social Research Institute (ESRI).
    2. Małkowska, Agnieszka & Telega, Agnieszka & Głuszak, Michał & Marona, Bartłomiej, 2021. "Spatial diversification of property tax policy – Searching for yardstick competition in Polish metropolitan areas," Land Use Policy, Elsevier, vol. 109(C).

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