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    THE PROBLEM OF PROPERTY TAX

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    Introduction In most developed countries, properties tax plays a significant role in the local government. In Canada, Australia, and the USA they are the main source of Municipalities revenue. About a half of municipals revenues in Canada is derived from property taxes . An approximate $ 14 billion was collected in 2007 from the taxes by municipalities in Ontario province; this was an approximate 45% of all the revenue collected by this municipals. Due to the revenue contribution of these taxes

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    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

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    residential property tax be introduced and collected at central government for an introductory period with a view to control being handed over to local government and the revenues generated by the tax to be used solely for local publicly provided goods. But for this to be an efficient and effective method of funding local authorities and not adversely affect the balances of the exchequer there needs to be an overhaul as to how local authorities are currently funded and run. Introducing a property tax will

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    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. For this purpose, the transfer for two components of property taxes which are BPHTB

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    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

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    Prop 13

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    and honey but this influx caused property values to rise and consequently property taxes were hiked. California voters have the ability to use the initiative process to implement policy. While this is a unique aspect that allows Californians direct control in governance, it can make it difficult for the state government to provide enough funding. Among the legislation pushed by voters has been Proposition 13, it continues to have long lasting effects that impact tax revenue and budgetary decisions

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    at Harvard, local tax revenues are an "effective and efficient means of providing education...and gives incentives to both residents and school staff" (2). However, in Savage Inequalities, Jonathan Kozol argues that funding schools solely with property tax is not effective because the property revenues of poor families do not compare to those of the richer families; thus less money goes toward the poor children's education. Therefore, I agree with Kozol in that local property taxes are an unfair

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    monumental budgetary crisis in California, Governor Jerry Brown supported the 2011 Budget Act which reallocated property tax revenue that was previously used to fund redevelopment projects, to go instead to local governments in an attempt to protect funding for public services.2 In the eyes of the legislature, California’s Redevelopment Agencies (RDA’s) were perceived to shift property tax revenues away from services provided to schools, counties, special districts, and cities.3 By eliminating RDA’s

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    down neighborhood property values, which lead to lower property tax revenue. Since this revenue funds local essentials – predominantly local public school systems – the foreclosure crisis has moved beyond its original tragedy of displacing individual families, and now, in a further blow, threatens entire localities and the funding for their public school systems. In Loudoun County, Virginia, where I live, the school system receives more than 47% of its revenue from local property taxes, according

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    individual works towards success. Public school’s finances in California come from federal, state, and local levels. Many federal and state funds have faced budget cuts throughout the last decade, but, 57% of the funding public schools use comes from the property taxes paid by the surrounding neighborhoods. Californians are well known for their diversity, being home nearly 39 million residents,

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