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Toward a Beneficial Property Tax Agenda for Sustainable Growth

In: Beneficial Property Taxation for Emerging Market Countries

Author

Listed:
  • Ehtisham Ahmad

    (London School of Economics and Political Science)

  • Giorgio Brosio

    (University of Torino)

Abstract

In this chapter we link the need for a more effective local own-source revenue base to the sustainable growth agenda. The argument for a beneficial property tax on non-business properties, based on simple criteria, is highlighted, given the need to generate revenues quickly, and in an equitable manner. The tax-benefit link is critical for political economy purposes under all economic systems, as well as the simplification using area/location and occupancy. A functional administration permits arm’s length operations, along with satellite imagery and blockchain technology. A strengthened property tax would reduce the need for reliance on land sales, which has huge environmental and adverse distributional consequences. However, it should be part of a broader reform that also includes within province/state fiscal equalization to avoid generating unsustainable migration incentives to mega metropolises, some of which are sinking, like Mexico City and Jakarta.

Suggested Citation

  • Ehtisham Ahmad & Giorgio Brosio, 2022. "Toward a Beneficial Property Tax Agenda for Sustainable Growth," Springer Books, in: Beneficial Property Taxation for Emerging Market Countries, chapter 0, pages 139-144, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-08612-0_7
    DOI: 10.1007/978-3-031-08612-0_7
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