Determinants of Property Tax Revenue : Lessons from Empirical Analysis

Awasthi, Rajul ; Le, Tuan Minh ; You, Chenli

World Bank, Washington, DC

关键词: PROPERTY TAX;    TAXATION;    REVENUE MOBILIZATION;    TAX RATE;    LOCAL GOVERNMENT REVENUE;   

DOI  :  10.1596/1813-9450-9399
RP-ID  :  WPS9399

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Many developing countries have struggledwith realizing sufficient revenues from property tax.However, as developing countries experience economic growth,they are also seeing property values rising, providing abigger tax base from which to realize revenues. Technologyhas made tax administration easier and more effective anddeveloping country governments have been improving theirquality of governance and considering introducing orenhancing property tax revenue collection to diversify theirtax and fiscal revenues. This paper explores thedeterminants of property tax revenue using data from theUnited States, Canada, Australia, Chile, and theOrganisation for Economic Co-operation and Development for2006 to 2016, using a fixed effects model. The results showthat increases in gross domestic product and population leadto increases in property tax revenue and an increase infederal transfers decreases it. The outcomes of theempirical analysis highlight the statistically significantimpacts on property tax collection of a country's stateof development and its demographic, fiscal, and propertytax–specific characteristics. A critical question forfurther research is whether and how the empiricalmethodologies and specifications as applied to the set ofdeveloped economies would be replicated in the context ofdeveloping countries.