Property Taxation
In most countries, property taxes are the most important type of revenue local governments can collect. They can generate the funds needed to provide critical local services like buses, garbage collection, and sanitation facilities.Â
But property tax performance ranges between 10 and 20% of target revenues and many potential taxpayers are left out of the tax base. Often, large and modern buildings pay little more in taxes than simple structures. Â
Some of these problems are technical, but the greatest challenges are political.  So, how can governments identify all properties, find simpler ways to value them, set up effective payment systems and encourage compliance?