How to Make the Property Tax More Acceptable? – Analyze Critically

Topics: Tax, Taxation, Taxation in the United States Pages: 25 (8005 words) Published: March 12, 2013
How To Make The Property Tax More Acceptable? – Analyze Critically


Property tax, a part of total taxation system has been developed to play role in financing municipal services. Over the two decades there has been an unprecedented move toward decentralized governance all over the world and Bangladesh is not exception to it. This change has taken a special significance in many developing and transitional countries where centralized systems were perceived to have failed to deliver improved general welfare. The promise of political, administrative & fiscal decentralization is that it can strengthen democratic representative institutions, increase the efficiency of the public sector and lead to improve social and economic welfare for Bangladesh that decide to adopt it. But in Bangladesh people have a notion to avoid giving property tax. The tax payer are not satisfied or unwilling to pay tax for various reasons that came out through this experiment and survey. Considering those problems and outline of solutions and better property tax policy is suggested in this report. Different avenues open for improving the performance of property Tax in Bangladesh have been examined.

Table of contents

Chapter 1 : Introduction
1.1: About property tax6
1.2: History of property tax7
1.3: Objectives of introducing property tax9
1.4: Property tax around the world11

Chapter 2: Property tax in context of Bangladesh
2.1: Present property tax collection ratio in Bangladesh15
2.2: Necessity of property tax in Bangladesh15
2.3: Property tax possibility in Bangladesh17
2.4: Major implications related with property tax18
2.5: Comparative analysis of prospect and implication of property tax 19

Chapter 3: Critical analysis of property tax to be more acceptable
3.1: Introduction of implementation plan22
3.2 : Implementation Issues22
3.3: Problems regarding the implementation of property tax25
3.4: Steps to be taken to make property tax more acceptable27 Appendix 30-31

Chapter 1

1.1 About Property Tax
“A property tax is an ad velorem levy on the value of property that is owner required to pay. The tax is imposed by the government authority of the jurisdiction in which the property is located; it may be paid to a national government, a federal state or a municipality. Multiple jurisdiction may tax the same property.

There are three species or types of property: land, improvements to land (immovable man made objects, such as buildings), and personal property (movable man-made objects). Real Property (also called real estate or reality) means the combination of land and improvements. Under a property tax system, the state requires and performs an appraisal of the monetary value of each property, and tax is assessed in proportion to that value. Forms of property tax used vary between countries and jurisdictions.

Property tax rates, assessment rules and valuations vary widely by jurisdiction. Some jurisdictions adjust assessed values to fair market value periodically and some have limits on such adjustments. Property taxes are often assessed at the local level, under local rules. So assessments, rates and variation may vary widely within a particular state, province or Country.” (Property tax [Internet]. N.d. Available from: [Accessed 15 April 2012])

Local governments are also authorized to levy individual property taxes. These apply to structures (houses, apartments, garages and other buildings) owned by people and to motorboats, aircraft and other vehicles except automobiles, motorcycles and other self-propelled vehicles. Tax rates may vary by type of structure with the rates set by local governments but subject to (low) minimum federal...
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