Abstract: Property tax is a beneficial tax according to the Tiebout—Oates—Hamilton model,however,the proportion of property tax in local government revenue has shrunk gradually due to various restrictions and relief plans in from local governments of America.Analyzing the deviation between the theory and practice,we conclude the basic logic of property tax,which is that it is applicable only in the small district;its efficiency in realism can be acquired mostly by the voice of the public;it virtually is a apportionment of expense by residents' real estate with an intrinsic inequity;the proportion of the tax in taxpayer income is small;some districts need the assistance of local government.So,to levy the property tax successfully,tax collection right should be controlled in the count governments and their above authorities.It is necessary to improve the public's appeal mechanism,design the appropriate tax rate,and put the effective transfer.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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