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THE CONCEPT OF REAL ESTATE TAXATION BASED ON THE AD VALOREM PRINCIPLE

cris.lastimport.scopus2024-09-19T01:30:24Z
dc.abstract.enThe purpose of this paper is to evaluate the pros and cons of ad valorem real estate taxation in the context of the reform of the Polish real estate taxation system. A property tax (or millage tax) is a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. Multiple jurisdictions may tax the same property. This contrasts with a rent and mortgage tax, which is based on a percentage of the rent or mortgage value. There are four broad types of property: land, improvements to land (immovable man-made objects, such as buildings), personal property (movable man-made objects), and intangible proper-ty. Real property (also called real estate or realty) means the combination of land and im-provements. Under a property tax system, the government requires and/or 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 among countries and jurisdictions. Real proper-ty is often taxed based on its classification. Classification is the grouping of properties based on similar use. Properties in different classes are taxed at different rates. Examples of different classes of property are residential, commercial, industrial, and vacant real proper-ty. In Israel, for example, property tax rates are double for vacant apartments versus occu-pied apartments.
dc.affiliationAdministracji i Nauk Społecznych
dc.contributor.authorSylwia Skrzypek - Ahmed
dc.contributor.authorTomasz Wołowiec
dc.date.accessioned2024-07-10T12:08:26Z
dc.date.available2024-07-10T12:08:26Z
dc.date.issued2021
dc.identifier.doi10.5604/01.3001.0015.0437
dc.identifier.issn2543-7097
dc.identifier.issn2544-9478
dc.identifier.urihttps://repo.akademiawsei.eu/handle/item/448
dc.languageen
dc.pbn.affiliationeconomics and finance
dc.relation.ispartofInternational Journal of Legal Studies ( IJOLS )
dc.rightsCC-BY-NC-ND
dc.subject.enproperty taxation
dc.subject.enad valorem concept
dc.subject.entax efficiency
dc.subject.encompetitiveness
dc.titleTHE CONCEPT OF REAL ESTATE TAXATION BASED ON THE AD VALOREM PRINCIPLE
dc.typeReviewArticle
dspace.entity.typePublication
oaire.citation.issue1
oaire.citation.volume9