World Bank2012-06-182012-06-182006-06https://hdl.handle.net/10986/8277This note provides an overview of the current property taxation system in the Punjab Province based on the premise that the property tax: 1) is essentially a fiscal tool; 2) is not an instrument of social redistribution; 3) system should be kept simple; and 4) is a technical instrument with strong financial, institutional, and political connotations. This note summarizes the key attributes of the present property taxation system of the Punjab Province and proposes some solutions for improving the property tax system. Our analysis is based on the following premises: first, the property tax is essentially a fiscal tool. Second, it is not an instrument of social redistribution. Third, the property tax system should be kept simple. Fourth, the property tax is not merely a technical instrument, but it is a substantial revenue factor with strong financial, institutional, and political connotations. Property taxes are levied on a banded annual rental value (ARV) basis, calculated from valuation tables issued by the excise and tax department.en-USCC BY 3.0 IGOACCOUNTINGADMINISTRATIVE BURDENARREARSBENEFICIARIESBUDGET CONSTRAINTSCADASTRESCAPACITY BUILDINGCAPITAL MARKETSCENTRAL AGENCIESCENTRAL GOVERNMENTCENTRAL GOVERNMENTSCITY SIZECOST OF COLLECTIONDEDUCTIBLEDEDUCTIONSDEVELOPING COUNTRIESDISTRICTDISTRICT ADMINISTRATIONDISTRICT GOVERNMENTDISTRICT GOVERNMENTSDISTRICT OFFICERDISTRICTSDIVISION OF FUNCTIONSECONOMIC DECISIONSECONOMIC DEVELOPMENTEQUITY ISSUEEXPENDITUREEXPENDITURESFAIR MARKET VALUEFAMILIESFISCAL DECENTRALIZATIONFISCAL PERFORMANCEFISCAL POLICYGOVERNMENT REVENUESIMMOVABLE PROPERTYINFLATIONINFORMATION SYSTEMINSTRUMENTINTERGOVERNMENTAL FISCAL RELATIONSINTERGOVERNMENTAL TRANSFERSINTERNATIONAL STANDARDSLAND POLICYLAND TAXLEGISLATIVE FRAMEWORKLEVYLOCAL BUSINESSESLOCAL CAPACITIESLOCAL CAPACITYLOCAL FINANCESLOCAL GOVERNMENTLOCAL GOVERNMENTSLOCAL REVENUEMARKET VALUEMARKET VALUESMEDIUM TERMSMUNICIPALITIESMUNICIPALITYNATIONAL BANKOUTSTANDING AMOUNTPERSONAL INCOMEPERSONAL INCOME TAXPOLICY DECISIONPOLICY DESIGNPOLICY OBJECTIVESPROPERTY OWNERSPROPERTY TAXPROPERTY TAX ADMINISTRATIONPROPERTY TAX COLLECTIONPROPERTY TAX REFORMPROPERTY TAX SYSTEMSPROPERTY TAXATIONPROPERTY TAXESPROVINCEPROVINCIAL FISCALPROVINCIAL GOVERNMENTPROVINCIAL GOVERNMENTSPROVINCIAL LEVELSPROVINCIAL RATEPROVINCIAL REVENUEPROVINCIAL TAXPROVINCIAL TRANSFERSPUBLIC ENTITYPUBLIC FINANCEREAL ESTATEREAL PROPERTIESREDISTRIBUTIONREGULATORY OVERSIGHTREVENUE ASSIGNMENTREVENUE BASEREVENUE CAPACITYREVENUE COLLECTIONREVENUE RATIOSUBNATIONALTARGETED SUBSIDIESTAX ADMINISTRATIONTAX ADMINISTRATION SYSTEMTAX ASSESSMENTTAX AUTHORITYTAX BASETAX BASESTAX BURDENTAX CAPACITYTAX COMPETITIONTAX DEDUCTIONTAX EXEMPTIONTAX EXEMPTIONSTAX FRAMEWORKTAX INSTRUMENTSTAX LIABILITYTAX PAYERSTAX PAYMENTSTAX POLICYTAX PURPOSESTAX RATETAX RATESTAX REVENUETAX REVENUE CAPACITYTAX REVENUESTAX SUBSIDIESTAX SYSTEMTAX TREATMENTTAXABLE PROPERTIESTAXATIONTAXPAYERTAXPAYERSTOWNTRANSACTIONTRANSACTION COSTSTRANSITION ECONOMIESTRANSPARENCYUNIONURBAN AREAVALUATIONVALUATIONSWorld Bank10.1596/8277