ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Reforming the Property Tax Base-Need for a New Direction

Reforming the Property Tax Base Need for a New Direction Amaresh Bagchi White acknowledging the urgent need for reform of property tax to achieve some standardisation and to reduce the scope for subjective judgment and abuse, this paper seeks to draw attention to the limitations of the models that have been put forward for replacing the existing base for property tax with a non-transparent area based system and the need for moving towards a base such as capital value which is more amenable to standardisation without giving rise to troublesome questions about adequacy of classification and so on. A properly devised capital value base, it is argued, will serve to capture the chief merits of standardisation in conformity with the canon of equity as enshrined in our Constitution.

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