A Primer on Property Tax: Administration and Policy by William J. McCluskey, Gary C. Cornia, Lawrence C. Walters

By William J. McCluskey, Gary C. Cornia, Lawrence C. Walters

'The chapters during this booklet discover intimately the alternatives relating to either the constitution and management of the valuables tax, drawing at the wide wisdom the authors have bought in learning estate taxes world wide. The chapters offer a wide-ranging therapy of the layout offerings and administrative initiatives, either when it comes to the breadth of layout recommendations and administrative projects lined and the intensity of the discussion.  The authors describe the diversity of layout offerings, talk about the linked matters and the benefits and drawbacks for every, and current the standards to assist decide on one of the options.’

From the book’s Foreword by way of David L. Sjoquist, Professor of Economics and Dan E. Sweat pupil Chair in academic and group coverage, Georgia country University

Property taxation is a key aspect in delivering an excellent origin and a reliable investment resource for uncomplicated public services.

Developing and imposing a estate tax approach is a fancy job. This complexity is compounded through the range of criminal, cultural and old contexts of policymakers and tax directors. the area improvement file (1999-2000), Entering the twenty first Century places monetary decentralization on the most sensible of the improvement time table. This makes neighborhood taxation - and particularly the valuables tax alternative - of severe value to either tax and land coverage, in addition to the wider improvement agenda.

A Primer on estate Tax: management and Policy offers the reader with an research of matters surrounding estate tax, together with economics, legislation, public finance, decentralisation, valuation, GIS and estate tax reform. A key power of the booklet lies within the huge overseas adventure of the authors and the booklet will supply for the 1st time fabric that's topical, state of the art and hugely correct to a few of the disciplines concerned with estate taxation.

The authors research the standards utilized to judge the strengths and weaknesses of estate tax, talk about the most valuation tools and the industrial rules underpinning them and overview the criminal and administrative features of estate tax worldwide.

Chapter 1 estate Tax (pages 1–40): Harry Kitchen
Chapter 2 Value?Based methods to estate Taxation (pages 41–68): Riel Franzsen and William J. McCluskey
Chapter three The Politics of the valuables Tax (pages 69–88): Enid Slack
Chapter four management of neighborhood Taxes (pages 89–124): John L. Mikesell
Chapter five setting up a Tax cost (pages 125–139): Kurt Zorn
Chapter 6 estate Tax assortment and Enforcement (pages 141–171): Roy Kelly
Chapter 7 The Tax every person likes to Hate (pages 173–186): Jay okay. Rosengard
Chapter eight felony matters in estate Tax management (pages 187–205): Frances Plimmer
Chapter nine Tax standards (pages 207–227): Gary C. Cornia
Chapter 10 Estimating estate Tax profit power (pages 229–247): Lawrence C. Walters
Chapter eleven Taxing Public Leasehold Land in Transition nations (pages 249–264): Yu?Hung Hong
Chapter 12 estate Tax and casual estate (pages 265–286): Martim Smolka and Claudia M. De Cesare
Chapter thirteen Non?Market price and Hybrid ways to estate Taxation (pages 287–305): William J. McCluskey and Riel Franzsen
Chapter 14 laptop Assisted Mass Appraisal And the valuables Tax (pages 307–338): William J. McCluskey, Peadar Davis, Michael McCord, David McIlhatton and Martin Haran
Chapter 15 Geographic details structures and the significance of situation (pages 339–357): David McIlhatton, Michael McCord, Peadar Davis and Martin Haran

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Example text

If assessment practices are not uniform, the redistributive mechanism inherent in these grants will not work as intended. Uniformity is most easily achieved when the assessment function is centralized at the regional/state/provincial level if not at the central or federal level. 3. At the very minimum, this means that all assessors must use a standard assessment manual where all details of the assessment practice and procedures are spelled out. As well, assessors should be required to attend training courses and pass clearly defined educational standards before becoming property assessors.

In most countries, the practice of exempting certain properties or applying differential assessment rates to others lowers the tax base and creates potential problems. Lower assessment rates are often used to provide special treatment for farmland. This ranges from assessing farmland at its value as a farm rather than its value as land for other purposes (Canada, Japan and Mexico), to taxing farmland at lower rates (Colombia, India and Thailand), to exempting farm land from taxation (United Kingdom, Nicaragua, Guinea, South Africa, Tanzania and Tunisia), and a variety of other measures (Bird and Slack, 2004a).

Property identification All taxable properties must be identified and described on the assessment roll with each property assigned a roll number. This number is important for linking assessment information with tax billing and property transfer records (Slack, 2001). The assessment roll or fiscal cadastre should include the address of the property, its owner, building and lot size in square metres (feet) or hectares (acres), a definition of property boundaries (using cadastral maps), the age of the building and information on renovations or improvements.

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