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Property tax system outside the Russian Federation

Vol. 22, Iss. 9, SEPTEMBER 2019

Received: 28 March 2016

Received in revised form: 18 July 2016

Accepted: 18 August 2016

Available online: 16 September 2019

Subject Heading: Tax and taxation

JEL Classification: E62

Pages: 1037–1049

https://doi.org/10.24891/ia.22.9.1037

Bogatyrev S.Yu. Financial University under Government of Russian Federation, Moscow, Russian Federation
rsorokina@fa.ru

ORCID id: not available

Subject The article addresses foreign property tax systems, property tax assessment, administration and payment in developed countries, and measuring and analytical tools.
Objectives The purpose of the study is to review the experience of developed countries in property taxation.
Methods The study employs scientific methods to obtain new knowledge and methods for solving problems related to property taxation in Russia based on foreign experience, uses developments in the theory of property taxation, summarizes tax practices that reflect objective laws of property tax development abroad.
Results Property tax generates a significant share of local government revenues in countries with developed economies. The comparative analysis of property tax systems in developed and developing countries shows that the revenue from property taxes in developed countries provide a relatively large share of the budget than in developing countries. I analyzed significant factors of property taxation, i.e. tax rates and the distribution of tax revenues; revealed the non-elasticity of property taxes and their arbitrary nature.
Conclusions and Relevance I recommend using the identified mechanisms of property taxation in developed countries in the domestic tax practice to increase budget revenues, enhance social stability and well-being of Russian citizens.

Keywords: property tax, foreign tax systems, cadastral value, tax rate, tax burden

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