Land value is a progressive and efficient property tax base evidence from Victoria Cameron K. Murray and Jesse Hermans
By: Murray, Cameron K
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Contributor(s): Hermans, Jesse.
Material type: 
ArticlePublisher: 2021Subject(s): IMPUESTOS | PROPIEDAD | SUELO | BASE IMPONIBLE | PROGRESIVIDAD | AUSTRALIA
In:
Australian Tax Forum: a journal of Taxation Policy, Law and Reform v. 36, n. 2, 2021, p. 243-266Summary: Property taxes are a common revenue source for city governments. There are two property tax bases available—land value (site value, SV), or total property value (capital improved value, CIV). The choice of property tax base has implications for both the distribution and efficiency of the tax. We provide new evidence in favour of SV being both the more progressive and efficient property tax base. First, we use three Victorian datasets at different levels of geographic aggregation to model the SV/CIV ratio as a function of various household income measures.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 1867/2021/2-5 (Browse shelf) | Available | OP 1867/2021/2-5 |
Resumen.
Property taxes are a common revenue source for city governments. There are two property tax bases available—land value (site value, SV), or total property value (capital improved value, CIV). The choice of property tax base has implications for both the distribution and efficiency of the tax. We provide new evidence in favour of SV being both the more progressive and efficient property tax base. First, we use three Victorian datasets at different levels of geographic aggregation to model the SV/CIV ratio as a function of various household income measures.
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