Open AccessProgressivity Trends in Municipal Property Taxes in Indian Cities: Major Impediments
Author(s) -
Preethi Keekan,
U Arabi
Publication year - 2021
Publication title -
shanlax international journal of economics (online)
Language(s) - English
Resource type - Journals
ISSN - 2582-0192
DOI - 10.34293/economics.v9i3.4022
Subject(s) - revenue , raising (metalworking) , property (philosophy) , yield (engineering) , property tax , business , tax deferral , public economics , economics , tax revenue , development economics , finance , gross income , tax reform , state income tax , philosophy , materials science , epistemology , metallurgy , geometry , mathematics
Property taxes are widely acknowledged as an efficient and equitable means of raising revenue, but with revenue potential untapped mainly in many countries. Property taxes generally yield relatively modest income, particularly in developing and emerging economies. There’s a need for improving the structure of the municipal property taxes and efforts to enhance its progressivity within the Indian Cities.