1. Property tax in different countries
Banu Faizullayeva, Gulnaz Telman

2. Agenda: Property tax: definition, history, purpose..
Highest vs. Lowest property tax (Countries: examples, graphs, analysis)
Property tax in different countries
Conclusion

3. Tax on property
Tax on property is defined as recurrent and non-recurrent taxes on the use, ownership or transfer of property. These include taxes on immovable property or net wealth, taxes on the change of ownership of property through inheritance or gift and taxes on financial and capital transactions. This indicator relates to government as a whole (all government levels) and is measured in percentage both of GDP and of total taxation.

4. Had a great harvest? Part of earned to government
In history …
PT from wealthiest landowners based on the productivity of land – Egypt, Babylon, Persia
Had a great harvest? Part of earned to government

5. Property tax is collected to support the administration of the state, county, port, road district, rural library, metropolitan park, cities and towns, schools, fire protections districts and miscellaneous taxing districts. 

6. Where our taxes really go…

7. What is taxed?
Residential
Commercial
Industrial
Farm
Properties

8. Who determines the tax rate?
Locally, government
Central government

9. How is it taxed?
Area-based assessment
Market-value assessment
Rental value assessment
Self-assessment

10. How to calculate

16. banu

18. banu

19. banu

20. banu

21. In United kingdom Before 1990 – property rates
After 1990 – poll taxes – community charges
From 1993 – council taxes - 8 bands
2 adults -100%, 1 adult – 75%

23. In russia Lower then 300 000 Rubles 0,1% (inclusive)
Max rate of 2.0 % value of the property
Paid annually
Tax amount is assessed by tax authorities based on data provided by the cadastral and registry federal authority and by surveying companies that maintain technical building records
Lower then Rubles
0,1% (inclusive)
From Rubles to Rubles
within 0,1 – 0,3 % (inclusive)
Higher then Rubles
within 0,3 – 2,0% (inclusive)

25. Property Tax as a ‘Good’ Tax
Efficient
Equitable
Administrative innovation
Ideal source of local government revenue
Promotes transparency and accountability

26. The ‘Good’ Tax Turning into a ‘Bad’ Tax
Using mobile properties as the tax base
Using area-based assessment to assess the tax base
Significant variation in enforcement and tax administration among localities
Not considering the income earning capacity of property owners

27. Reasons for low Revenue Contribution of PT in Developing Countries
Poor tax administration
Taxpayers attitude
Weak enforcement

28. Countries without property taxes

29. Conclusion:
The four broad types of property taxes are land, improvements to land (immovable man-made objects, such as buildings), personal property (movable man-made objects) and intangible property. 
Properties in different classes are taxed at different rates
The property tax rate is typically given as a percentage. It may be expressed as a per mil (amount of tax per thousand currency units of property value), which is also known as a millage rate or mill (one-thousandth of a currency unit).