Assessment of The Effect of Property Taxes on The Formation of Local Budget Revenues
Keywords:
Property Taxes, Local Budget, Land Tax, Property Tax, Tax Revenue, Tax Base, Tax Rate, Tax Benefits, Tax Administration, Budget Revenues
Abstract
The research analyzes the role and importance of property taxes in the formation of local budget revenues. Property taxes have been viewed as a key source of revenue to ensure financial stability at the local level. The share of property taxes in local budget revenues, their level of collection and effectiveness were evaluated. Existing problems in the collection of property taxes have been identified and suggestions for their solution have been developed. Also, recommendations are made to increase the role of property taxes in strengthening local budget revenues.
References
[1] Decree of the President of the Republic of Uzbekistan No. PF-5468, June 29, 2018, "On the Concept of Improving the Tax Policy of the Republic of Uzbekistan."
[2] O. Meyliev, "Ways to ensure financial stability of local budgets," International Finance and Accounting, vol. 4, pp. 1–11, 2021.
[3] O. Meyliev, "Issues of increasing the importance of taxes in the formation of revenues of local budgets," Economics and Innovative Technologies, vol. 4, pp. 373–383, 2021.
[4] Z.A. Abdullaev, "Problems in the formation of local budget revenues," Scientist of the XXI Century, vol. 1, no. 92, pp. 14–19, 2023.
[5] U.T. Tolakov, "Improvement of property tax benefits," Scientific Electronic Journal «Logistics and Economics», vol. 1, no. 2, pp. 425–435, 2021.
[6] U.T. Tolakov, "Peculiarities of setting property tax rates," Scientific Electronic Magazine «Logistics and Economics», vol. 1, no. 5, pp. 286–297, 2021.
[7] W. McCluskey, "Property Tax Reform in Transition Countries: A Case Study," Journal of Property Tax Assessment & Administration, vol. 18, no. 2, pp. 25–41, 2021.
[8] W. McCluskey and J. Martinez-Vazquez, "Property Tax in Transition Economies: A Policy Review," International Property Tax Institute, Working Paper No. 2023-01, 2023.
[9] R. Bird, "Property Taxation in Developing Countries: Current Challenges and Future Prospects," International Center for Public Policy, Working Paper No. 22-08, 2022.
[10] R. Bird and J. Martinez-Vazquez, "Local Finance in Developing Countries: The Case of Property Taxation," Public Finance Review, vol. 50, no. 3, pp. 289–314, 2022.
[11] J. Martinez-Vazquez, "Implementing Property Tax Reform in Transition Countries," Journal of Property Tax Assessment & Administration, vol. 17, no. 1, pp. 5–22, 2021.
[12] Fiscal Year End Tax Committee Reports.
[13] Decree of the President of the Republic of Uzbekistan No. PF-6121, December 3, 2020, "On Further Improvement of Resource Taxes and Property Taxes."
[14] U. To'lakov and S. Jo'raev, "Reforms in real estate taxation in foreign countries," Current Problems of Social and Humanitarian Sciences, vol. 3, no. 8, pp. 85–92, 2023.
[15] U.T. Tolakov, "Experience of foreign countries in real estate taxation," Economics and Education, vol. 24, no. 1, pp. 407–416, 2023.
[16] U.T. Tulakov, "Theoretical and conceptual foundations of real estate tax," Proceedings of the 24th Republican Scientific and Practical Conference on 'Scientific Research in Uzbekistan', pp. 18–21, 2022.
[2] O. Meyliev, "Ways to ensure financial stability of local budgets," International Finance and Accounting, vol. 4, pp. 1–11, 2021.
[3] O. Meyliev, "Issues of increasing the importance of taxes in the formation of revenues of local budgets," Economics and Innovative Technologies, vol. 4, pp. 373–383, 2021.
[4] Z.A. Abdullaev, "Problems in the formation of local budget revenues," Scientist of the XXI Century, vol. 1, no. 92, pp. 14–19, 2023.
[5] U.T. Tolakov, "Improvement of property tax benefits," Scientific Electronic Journal «Logistics and Economics», vol. 1, no. 2, pp. 425–435, 2021.
[6] U.T. Tolakov, "Peculiarities of setting property tax rates," Scientific Electronic Magazine «Logistics and Economics», vol. 1, no. 5, pp. 286–297, 2021.
[7] W. McCluskey, "Property Tax Reform in Transition Countries: A Case Study," Journal of Property Tax Assessment & Administration, vol. 18, no. 2, pp. 25–41, 2021.
[8] W. McCluskey and J. Martinez-Vazquez, "Property Tax in Transition Economies: A Policy Review," International Property Tax Institute, Working Paper No. 2023-01, 2023.
[9] R. Bird, "Property Taxation in Developing Countries: Current Challenges and Future Prospects," International Center for Public Policy, Working Paper No. 22-08, 2022.
[10] R. Bird and J. Martinez-Vazquez, "Local Finance in Developing Countries: The Case of Property Taxation," Public Finance Review, vol. 50, no. 3, pp. 289–314, 2022.
[11] J. Martinez-Vazquez, "Implementing Property Tax Reform in Transition Countries," Journal of Property Tax Assessment & Administration, vol. 17, no. 1, pp. 5–22, 2021.
[12] Fiscal Year End Tax Committee Reports.
[13] Decree of the President of the Republic of Uzbekistan No. PF-6121, December 3, 2020, "On Further Improvement of Resource Taxes and Property Taxes."
[14] U. To'lakov and S. Jo'raev, "Reforms in real estate taxation in foreign countries," Current Problems of Social and Humanitarian Sciences, vol. 3, no. 8, pp. 85–92, 2023.
[15] U.T. Tolakov, "Experience of foreign countries in real estate taxation," Economics and Education, vol. 24, no. 1, pp. 407–416, 2023.
[16] U.T. Tulakov, "Theoretical and conceptual foundations of real estate tax," Proceedings of the 24th Republican Scientific and Practical Conference on 'Scientific Research in Uzbekistan', pp. 18–21, 2022.
Published
2025-01-23
How to Cite
Abdugaparovich, A. O. (2025). Assessment of The Effect of Property Taxes on The Formation of Local Budget Revenues. Central Asian Journal of Innovations on Tourism Management and Finance, 6(1), 9-19. https://doi.org/10.51699/cajitmf.v6i1.818
Section
Articles
Copyright (c) 2025 Aliyarov Olim Abdugaparovich
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