Defining the basis of value in land value tax

Mangioni, V

Defining the basis of value in land value tax

Mangioni, V

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Publisher:: Pacific Rim Real Estate Society
Publication Type:: Conference Proceeding
Citation:: Proceedings from the PRRES Conference, 2014, pp. 1 - 16
Issue Date:: 2014-01

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Field	Value	Language
dc.contributor.author	Mangioni, V https://orcid.org/0000-0003-0367-2171	en_US
dc.contributor.editor	-	en_US
dc.date	2014-01-19	en_US
dc.date.issued	2014-01	en_US
dc.identifier.citation	Proceedings from the PRRES Conference, 2014, pp. 1 - 16	en_US
dc.identifier.uri	http://hdl.handle.net/10453/34114
dc.description.abstract	Recurrent land taxes are an important revenue source for sub-national government internationally and are assessed on a number of different bases of value. This paper examines the various bases of value on which this tax is assessed internationally then focuses on the valuation of land, being the dominant basis of value used to assess this tax in Australia. Valuation experiments are used to examine the valuation practices of valuers in highly urbanised locations where vacant land sales are rare. It demonstrates the challenges of using value as the base of this tax and in particular land or site value used in Australia. The paper concludes that while issues exist in the determination of any basis of value, the practices of valuers are most important in the determination of a consistent and neutral base on which to assess the tax.	en_US
dc.publisher	Pacific Rim Real Estate Society	en_US
dc.relation.ispartof	Proceedings from the PRRES Conference	en_US
dc.relation.ispartof	Pacific Rim Real Estate Conference	en_US
dc.title	Defining the basis of value in land value tax	en_US
dc.type	Conference Proceeding
utslib.location	<http://www.prres.net>	en_US
utslib.location.activity	Christchurch, New Zealand	en_US
utslib.for	1205 Urban and Regional Planning	en_US
dc.location.activity	Christchurch, New Zealand
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2014-01-22	en_US
pubs.place-of-publication	<http://www.prres.net>	en_US
pubs.start-date	2014-01-19	en_US

Abstract:

Recurrent land taxes are an important revenue source for sub-national government internationally and are assessed on a number of different bases of value. This paper examines the various bases of value on which this tax is assessed internationally then focuses on the valuation of land, being the dominant basis of value used to assess this tax in Australia. Valuation experiments are used to examine the valuation practices of valuers in highly urbanised locations where vacant land sales are rare. It demonstrates the challenges of using value as the base of this tax and in particular land or site value used in Australia. The paper concludes that while issues exist in the determination of any basis of value, the practices of valuers are most important in the determination of a consistent and neutral base on which to assess the tax.

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http://hdl.handle.net/10453/34114