Land value is a progressive and efficient property tax base: evidence from Victoria
Source: Australian Tax Forum Journal Article
Published Date: 1 Jul 2021
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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Details
- Published By: Cameron Murray, Jesse Hermans
- Published On:1 Jul 2021
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