Publication details
General Report
| Authors | |
|---|---|
| Year of publication | 2026 |
| Type | Chapter in a book |
| MU Faculty or unit | |
| Citation | |
| Description | Do we need property taxes? What is their role? And what are the connections between them? This general report answers more than these questions. It confirms that real estate is a traditional object of taxation, and property taxes are a significant revenue source and land policy instrument. Real estate is a traditional object of taxation. While the real property tax (recurrent property tax) is one of the most typical and oldest taxes worldwide, several other taxes (property transfer tax, wealth tax, capital gains tax, inheritance and gift taxes) are more or less connected with immovable property. The chapter focuses primarily on the recurrent property tax as a relatively stable tax compared with income taxes or VAT during crises. The other sections are focused on property transfer taxation, wealth tax (recurrent or one-time/transaction-based), or specific types of improvement and betterment taxes. It also provides basic information about the specifics of inheritance and gift taxation and capital gains tax, including the associated reporting obligations. The general report compares the legal regulations connected with the property taxation in the 37 countries, summarizes current challenges and planned future developments in real estate taxation and regulation, provides the best examples, and makes recommendations for effective and efficient property tax regulation. |
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