Property Taxes in the Punjab, Pakistan

This note provides an overview of the current property taxation system in the Punjab Province based on the premise that the property tax: 1) is essentially a fiscal tool; 2) is not an instrument of social redistribution; 3) system should be kept simple; and 4) is a technical instrument with strong financial, institutional, and political connotations. This note summarizes the key attributes of the present property taxation system of the Punjab Province and proposes some solutions for improving the property tax system. Our analysis is based on the following premises: first, the property tax is essentially a fiscal tool. Second, it is not an instrument of social redistribution. Third, the property tax system should be kept simple. Fourth, the property tax is not merely a technical instrument, but it is a substantial revenue factor with strong financial, institutional, and political connotations. Property taxes are levied on a banded annual rental value (ARV) basis, calculated from valuation tables issued by the excise and tax department.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2006-06
Subjects:	ACCOUNTING, ADMINISTRATIVE BURDEN, ARREARS, BENEFICIARIES, BUDGET CONSTRAINTS, CADASTRES, CAPACITY BUILDING, CAPITAL MARKETS, CENTRAL AGENCIES, CENTRAL GOVERNMENT, CENTRAL GOVERNMENTS, CITY SIZE, COST OF COLLECTION, DEDUCTIBLE, DEDUCTIONS, DEVELOPING COUNTRIES, DISTRICT, DISTRICT ADMINISTRATION, DISTRICT GOVERNMENT, DISTRICT GOVERNMENTS, DISTRICT OFFICER, DISTRICTS, DIVISION OF FUNCTIONS, ECONOMIC DECISIONS, ECONOMIC DEVELOPMENT, EQUITY ISSUE, EXPENDITURE, EXPENDITURES, FAIR MARKET VALUE, FAMILIES, FISCAL DECENTRALIZATION, FISCAL PERFORMANCE, FISCAL POLICY, GOVERNMENT REVENUES, IMMOVABLE PROPERTY, INFLATION, INFORMATION SYSTEM, INSTRUMENT, INTERGOVERNMENTAL FISCAL RELATIONS, INTERGOVERNMENTAL TRANSFERS, INTERNATIONAL STANDARDS, LAND POLICY, LAND TAX, LEGISLATIVE FRAMEWORK, LEVY, LOCAL BUSINESSES, LOCAL CAPACITIES, LOCAL CAPACITY, LOCAL FINANCES, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, LOCAL REVENUE, MARKET VALUE, MARKET VALUES, MEDIUM TERMS, MUNICIPALITIES, MUNICIPALITY, NATIONAL BANK, OUTSTANDING AMOUNT, PERSONAL INCOME, PERSONAL INCOME TAX, POLICY DECISION, POLICY DESIGN, POLICY OBJECTIVES, PROPERTY OWNERS, PROPERTY TAX, PROPERTY TAX ADMINISTRATION, PROPERTY TAX COLLECTION, PROPERTY TAX REFORM, PROPERTY TAX SYSTEMS, PROPERTY TAXATION, PROPERTY TAXES, PROVINCE, PROVINCIAL FISCAL, PROVINCIAL GOVERNMENT, PROVINCIAL GOVERNMENTS, PROVINCIAL LEVELS, PROVINCIAL RATE, PROVINCIAL REVENUE, PROVINCIAL TAX, PROVINCIAL TRANSFERS, PUBLIC ENTITY, PUBLIC FINANCE, REAL ESTATE, REAL PROPERTIES, REDISTRIBUTION, REGULATORY OVERSIGHT, REVENUE ASSIGNMENT, REVENUE BASE, REVENUE CAPACITY, REVENUE COLLECTION, REVENUE RATIO, SUBNATIONAL, TARGETED SUBSIDIES, TAX ADMINISTRATION, TAX ADMINISTRATION SYSTEM, TAX ASSESSMENT, TAX AUTHORITY, TAX BASE, TAX BASES, TAX BURDEN, TAX CAPACITY, TAX COMPETITION, TAX DEDUCTION, TAX EXEMPTION, TAX EXEMPTIONS, TAX FRAMEWORK, TAX INSTRUMENTS, TAX LIABILITY, TAX PAYERS, TAX PAYMENTS, TAX POLICY, TAX PURPOSES, TAX RATE, TAX RATES, TAX REVENUE, TAX REVENUE CAPACITY, TAX REVENUES, TAX SUBSIDIES, TAX SYSTEM, TAX TREATMENT, TAXABLE PROPERTIES, TAXATION, TAXPAYER, TAXPAYERS, TOWN, TRANSACTION, TRANSACTION COSTS, TRANSITION ECONOMIES, TRANSPARENCY, UNION, URBAN AREA, VALUATION, VALUATIONS,
Online Access:	http://documents.worldbank.org/curated/en/2006/06/16366607/property-taxes-punjab-pakistan https://hdl.handle.net/10986/8277
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