How does classification of the real estate taxation systems look like?

---

HOW DOES CLASSIFICATION OF 
THE REAL ESTATE TAXATION 
SYSTEMS LOOK LIKE? 
subject: Introduction to Financial Law
student: Weronika Szymańska

---

WHAT IS PROPERTY TAX?
Property tax is a tax paid on property owned by an individual or other legal entity, such as a 
corporation. Most commonly, property tax is a real estate ad-valorem tax, which can be considered a 
regressive tax. It is calculated by a local government where the property is located and paid by the 
owner of the property. The tax is usually based on the value of the owned property, including land. 
However, many jurisdictions also tax tangible personal property, such as cars and boats.
quoted from: 
https://www.investopedia.com/terms/p/propertytax.asp

---

FORMS OF CAPITAL TAXATION
https://www.uipi.com/wp-content/uploads/2018/09/Comparative-Analysis-on-Real-Estate-Taxation-2013.pdf

---

The ITCI’s property tax component measures 
and compares the base and amount of real 
property taxes and whether a country levies 
further types of property taxes, such as 
wealth taxes, estate and inheritance taxes, 
property transfer taxes, corporate asset 
taxes, capital duties, and financial 
transaction taxes.
https://taxfoundation.org/best-worst-property-tax-system
s-europe-2020/

---

YEARLY TAX 
ON 
PROPERTY
https://data.oecd.org/tax/tax-on-property.htm
OECD (2021), Tax on property (indicator). doi: 10.1787/213673fa-en (Accessed on 01 December 2021)

---

Classification allows states to tax different types 
of property in a non-uniform manner. The most 
common form of classification taxes different 
types of property at different percentages of 
value. These classes are generally based on use or 
ownership. States classify by imposing different 
rates of tax on different types of property, or by 
imposing a uniform rate of tax but assessing 
different types of property at different 
percentages of value. A few jurisdictions apply 
both varying tax rates and varying assessment 
ratios to different property classes.
https://www.lincolninst.edu/research-data/data-toolkits/significant-features-property-tax/access-property-tax-database/property-tax-classifica
tion

---

https://www.youtube.com/watch?v=GJ1mzeCm5jw