India : Urban Property Taxes in Selected States
Property taxation has a long been a vexing issue in India, and continue to be. India faces a major structural problem with its property tax systems, resulting from the failure to resolve conflicts between assessing the true market value of propert...
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| Format: | Other Urban Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/12/6035369/india-urban-property-taxes-selected-states http://hdl.handle.net/10986/14403 |
| Summary: | Property taxation has a long been a
vexing issue in India, and continue to be. India faces a
major structural problem with its property tax systems,
resulting from the failure to resolve conflicts between
assessing the true market value of property with rent
control ordinances, and other limitations such as the FSI.
Moreover, government officials have generally been unwilling
to issue new valuation rolls, in some cases for many years.
Much of the recent property tax reform in India has entailed
stop-gap measures to overcome these problems, rather than
engaging in comprehensive reform. Meanwhile, the growth of
property tax revenues has remained anemic. Unless these
structural issues in properly valuing property are resolved,
improved administration will do little to make the property
tax a valuable revenue source for local governments, and the
gap between their local expenditures and revenues in likely
to grow over time. |
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