Rapid population growth and increasing urbanization have triggers increases in demand for real property. These developments ultimate translate to the responsibility of local authority in providing facilities for the public. Therefore, local government need some sources to provide these facilities. Basically local government income comes from taxes, fees and fines. Property taxes are the largest fund and backbone of municipal finance which is used to provide amenities and services. However not all land parcels and buildings can be taxed. There are some taxable properties which are exempted by law such as non profit religious, health, education and /or social activities; wildlife reserves and forests and other protected areas; cemeteries; those related to the functioning of certain international organisation; and those related to official foreign diplomatic presence (Lewis, 2003).
Property tax is an ad valorem levy on the value of property which the owner is required to pay. In Malaysia, the assessment rates are charged according to the provision of Local Government Act 1976. This provision empowers the local authority to collect assessment rates according to the area of jurisdiction. The property tax is based on market value for the state of Johor and annual value for the rest of states in Malaysia. Most of the appraisals in Malaysia are using conventional system to evaluate the property tax. The valuation or revaluation of the property is still carried out by manual approach. This manual approach is the main reason for inefficiency and unsystematic in local government’s property tax administration. Hence, only few local authorities in Malaysia carry out valuation using computer but this valuation done man...
... middle of paper ...
...x. Literature review will also help the researcher to identify the general elements, components, functions and features of the CAMA Systems.
Secondly, questionnaire survey with the prospective appraisals will be carried out at the selected local authorities to reveal the problem faced in property tax administration processes and procedures, the data and information required to be made available in the system, report format, user interfaces, user and management functions etc.
Finally, quantitative analysis will be used to analyse the responses from the users to evaluate the strength, weakness, opportunity and threat in administrating the property tax in Malaysia; the efficiency of the CAMA system and whether it has fulfilled their administration requirements. Proposals to further enhance the CAMA System will be outlined for further research in the future.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- ... Ahmad and Stein (1991) would say that issues regarding the principles of the theory of taxation on how efficient would the government finance its activities is still questionable. But the question that needs to be asked first is how the state would earn maximum revenues to have funds allocated properly in government expenditures. Theory on optimal taxation would suggest the implementation of policies that reduces the inefficiency of different tax systems and create policies which encourage more collection of revenues.... [tags: policy, economy, collection]
778 words (2.2 pages)
- BUOYANCY AND ELASTICITY: DETERMINANTS OF LOCAL TAX SYSTEM’S PERFORMANCE Civil servants and priests, soldiers and ballet-dancers, schoolmasters and police constables, Greek museums and Gothic steeples, civil list and services list—the common seed within which all these fabulous beings slumber in embryo is taxation. Karl Marx Every citizen, whether young or old, wealthy or poor, property owners or property-less, pays taxes to help finance governmental functions. Every business pays taxes, which almost certainly enter into the prices the consumers pay.... [tags: essays research papers]
2099 words (6 pages)
- 2.5 Advantages and Disadvantages of the Property Tax as a Sub-National Tax In looking at property tax in developing countries it was put forward that there was a greater need for the revenues that are derived from this type of tax to finance the expenditure of the local government therefore a heavy reliance is placed on it (Bahl and Martinez-Vazquez 2007). The advantages discussed are: revenue potential and stability, fairness and equity, compliance costs, tax base competition and land use efficiency.... [tags: Tax, Income tax, Taxation, Tax refund]
729 words (2.1 pages)
- 1. LAST WORD Does a progressive tax system by itself guarantee that resources will be redistributed from the rich to the poor. No, a progressive tax system without anyone else does not ensure that resources will be conveyed from the rich to poor people. It is entirely conceivable that the expense income is come back to the rich as far as the merchandise, administrations, and exchanges gave by the legislature. Is the tax system in the United States progressive, regressive, or proportional. It does appear that the tax-spending structure in the United States is progressive.... [tags: Tax, Progressive tax, Regressive tax]
737 words (2.1 pages)
- Numerous politicians are in favor of reforming the United States tax system to consumption tax. Our basic tax system is tax that the government imposes on all working individuals including businesses. Per law, all workforce women, men, and young adults are required to file an income tax return every year; this can dedicate if they owe any taxes or may be eligible to receive a refund. To determine such taxes owe or refunds, the government utilized a progressive tax system, which higher income earner pays a higher tax rate compared to those who earn a lower less.... [tags: Tax, Income tax, Progressive tax]
1479 words (4.2 pages)
- Negative gearing Negative gearing is a practice that is going on in several countries where the investors borrows money that is further used for the producing investment property and also have the certain expectation to have the gross income with the help of that investment. They usually have the expectation to get the financial gain over the investment and also managing the depreciation and the interest charges over the investment (Brown 2015). The tax treatment of negative gearing is a major factor that allows the investors for getting arrangements along with the additional benefits that are there within the investment.... [tags: Taxation, Tax, Progressive tax, Property]
2075 words (5.9 pages)
LAND AND PROPERTY TAX ISSUE IN INDONESIA TRANSFERRING THE PROPERTY TAX AUTHORITY FROM CENTRAL TO LOCAL GOVERNMENT
- Since 2011, Government of Indonesia launched a new regulation about transferring the authority of collection of Land and Property Acquirement Ownership Fees (BPHTB) and The Urban and Rural Property Tax (PBB-P2) from the Central Government to the Local Government. This policy is the embodiment of the decentralization era since 1999. After long discussion for 10 years, Central Government is now ready to give the authority for the Local Government to collect and manage the property taxes as their own sources of revenue.... [tags: Land and Property Acquirement Ownership Fees]
2761 words (7.9 pages)
- Question 6 All section references in this question are to the A New Tax System (Goods & Services Tax) Act 1999 (GST Act) unless stated otherwise. Margin scheme To assess whether BVD Developments Pty Ltd is eligible for the margin scheme on the sale of this house, we need to look at Div 75 of the GST Act. Under s75-5(3), the margin scheme can apply as the house is not a supply that is ‘ineligible for the margin scheme’. In addition, as in Re Vidler 2010 ATC 20-188, bare land cannot be regarded as residential premises so the supply of the land is not input taxed.... [tags: Taxation, Taxation in the United States, Tax]
1994 words (5.7 pages)
- Whether you are watching a presidential debate or in the back of a business where employees receive their checks, there is a discussion about tax. One of the most polarizing topics in American culture is the current progressive tax system. Most American’s feel like they are taxed heavily and unfairly. And honestly they are correct. Which is why, I propose replacing our current progressive tax system with the consumption tax method. A huge misconception of consumption tax is that it has to operate like sales tax.... [tags: Progressive tax, Tax, Income tax, Regressive tax]
1039 words (3 pages)
- A flat tax is a system of taxation that taxes at a uniform rate, regardless of income level. In the United States we currently use a progressive tax system, which means that high-income earners pay taxes at a higher rate than low-income earners. A flat tax rate is a tax system can uses a constant percentage as a deduction, which is applied to individual income. There are various tax systems that are labeled a flat tax even though they are significantly different. A true flat rate tax is a system of taxation is where one tax rate is applied to all personal income with no personal deductions.... [tags: Tax, Progressive tax]
1206 words (3.4 pages)