Property Tax Reform: Implications and Prospects.

摘要

This paper reviews the literature of property taxation in order to assess the implications and prospects for property tax reform. Four different types of property tax reform are considered: A change in the present system of local property taxation to a State-wide property tax; A change in the present tax on real property to a tax on only the site value; An abolition of the property tax; Adoption of a discriminatory tax policy for land use control.