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Determinants of Property Tax Revenue : Lessons from Empirical Analysis / Rajul Awasthi.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Awasthi, Rajul.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Finance and Financial Sector Development.
- Governance.
- Local Government.
- Local Government Revenue.
- Local Government Subsidies.
- Local Government Taxation.
- Macroeconomics and Economic Growth.
- Property Tax.
- Public and Municipal Finance.
- Revenue Mobilization.
- Sales Tax.
- State Government Subsidies.
- State Lottery.
- State Tax.
- Tax Rate.
- Taxation.
- Taxation and Subsidies.
- Local Subjects:
- Finance and Financial Sector Development.
- Governance.
- Local Government.
- Local Government Revenue.
- Local Government Subsidies.
- Local Government Taxation.
- Macroeconomics and Economic Growth.
- Property Tax.
- Public and Municipal Finance.
- Revenue Mobilization.
- Sales Tax.
- State Government Subsidies.
- State Lottery.
- State Tax.
- Tax Rate.
- Taxation.
- Taxation and Subsidies.
- Physical Description:
- 1 online resource (23 pages)
- Other Title:
- Determinants of Property Tax Revenue
- Place of Publication:
- Washington, D.C. : The World Bank, 2020.
- System Details:
- data file
- Summary:
- Many developing countries have struggled with realizing sufficient revenues from property tax. However, as developing countries experience economic growth, they are also seeing property values rising, providing a bigger tax base from which to realize revenues. Technology has made tax administration easier and more effective and developing country governments have been improving their quality of governance and considering introducing or enhancing property tax revenue collection to diversify their tax and fiscal revenues. This paper explores the determinants of property tax revenue using data from the United States, Canada, Australia, Chile, and the Organisation for Economic Co-operation and Development for 2006 to 2016, using a fixed effects model. The results show that increases in gross domestic product and population lead to increases in property tax revenue and an increase in federal transfers decreases it. The outcomes of the empirical analysis highlight the statistically significant impacts on property tax collection of a country's state of development and its demographic, fiscal, and property tax-specific characteristics. A critical question for further research is whether and how the empirical methodologies and specifications as applied to the set of developed economies would be replicated in the context of developing countries.
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