A Review of Valuation Impact on Property Tax

摘要: Property taxation is universal, it hard to find a country which does not levy tax on its landed property. The best policy in the world worth little if cannot be implemented effectively. level of yield property has been below expected due assessment issue. function valuation ensure fair owners. This paper examines taxonomy with view understanding composition and review impact accuracy from existing literature. study reveals tax, indicating effects amount payable or receivable as case may be. Valuation can viewed being accurate inaccurate. When cost low for administration, rate avoidance evasion, provision maintenance municipal services, but reverse when recommends that authorities should engage qualified professionals regulatory bodies organise periodic training their members