FIG Peer Review Journal


Land Value Taxation - Meeting the Principles of 'Good Tax Design' (5486)

Vince Mangioni (Australia)
Mr. Vince Mangioni
Director of Property Economics
University of Technology, Sydney
34 Bourke Street
Queens Park
Corresponding author Mr. Vince Mangioni (email: vincent.mangioni[at], tel.: +61 2 9514-8900)

[ abstract ] [ paper ] [ handouts ]

Published on the web 2012-03-08
Received 2011-11-01 / Accepted 2012-02-02
This paper is one of selection of papers published for the FIG Working Week 2012 in Rome, Italy and has undergone the FIG Peer Review Process.

FIG Working Week 2012
ISBN 97887-90907-98-3 ISSN 2307-4086


Land value as a base for recurrent property taxation has presented a number of challenges in highly urbanized locations where land separate to improvements rarely transacts. The economists view that land's limited supply makes it the most suitable and neutral base on which to assess the tax, is in contrast to the taxpayers perspective due to the additional complexity in understanding how land values were determined. This paper is a review of improvements in the principles of good tax design in Australia. Data on objection rates to land values has been sourced from the NSW Department of Lands both pre and post the introduction of the 2005 reforms recommended by the NSW Ombudsman. This paper attempts to measure improvements in principles of Good Tax Design’ via changes in objection rates to land values issued by the New South Wales Valuer-General, resulting from the provision of sales information to land tax payers from 2005. In conclusion a summary of improvements are provided as well as recommendations for refinements in the development of further measures needed in adding to taxpayer understanding of the valuation of land in highly urbanized locations.
Keywords: Property taxes; land value; transparency; taxpayer; information; objections