Is Ad valorem Property Taxation a Solution for the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14220%2F21%3A00121665" target="_blank" >RIV/00216224:14220/21:00121665 - isvavai.cz</a>
Result on the web
<a href="http://www.lex-localis.press/index.php/LexLocalisPress/catalog/book/RealPropertyTaxes" target="_blank" >http://www.lex-localis.press/index.php/LexLocalisPress/catalog/book/RealPropertyTaxes</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.4335/2021.6.2" target="_blank" >10.4335/2021.6.2</a>

Result language
angličtina
Original language name
Is Ad valorem Property Taxation a Solution for the Czech Republic
Original language description
The role of the immovable property tax in the Czech Republic is marginal. The main problems would appear to be related to low revenue and inefficient administration systems. The issue of low revenue could be resolved by adopting an ad valorem tax base. However, if the Czech government does not want to increase the immovable property tax revenue, there is no real incentive to implement an ad valorem system, as it is expensive to establish, administratively demanding and time-consuming. The immediate solution for the Czech Republic is that the unit system (area) tax base should be retained. There should be one maximum tax rate in the legislation for every type of property, and municipalities should have the right to introduce their own specific tax rates below that level. As there are more than 6,250 municipalities in the Czech Republic and many of them are extremely small with a very low number of inhabitants, there should be another rate (standard rate) in the legislation for those municipalities that do not set their own specific tax rates. A positive motivation to pay taxes is a conditio sine qua non to receipt of optimal revenue. The best advertisement for the tax payment is a proper use of tax revenues in the public interest and the supply of effective, efficient and desirable services.
Czech name
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Czech description
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Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Book/collection name
Real Property Taxes and Property Markets in CEE Countries and Central Asia
ISBN
9789617124040
Number of pages of the result
32
Pages from-to
47-78
Number of pages of the book
1141
Publisher name
Lex Localis - Institute for Local Self-Government Maribor
Place of publication
Maribor
UT code for WoS chapter
—

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