Progressivity Trends in Municipal Property Taxes in Indian Cities: Major Impediments
2021 ◽
Vol 9
(3)
◽
pp. 45-48
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.