Value tax

80% of college property value tax-exempt, school owns 17% of Hill – The Lafayette

While many students choose Lafayette for its small size, few likely know the extent of the school’s reach. The college owns 181 individual parcels of land, totaling over $100 million in market value and 363 acres that span multiple neighborhoods and municipalities. “The College believes that every property owned is important,” Craig Becker, associate vice […]

Value tax

Stop Taxing Homes, Use Property Value Tax

Imagine your long-lost aunt has passed away and left you her art collection, which includes an unseen painting by Norman Rockwell that she painted by mistake. Fortunately, the original Rockwell can be restored, but there are a few complications. The government considers the art worthless in its current state, but if you restore Rockwell’s painting, […]

Value tax

Pakistan reintroduces capital value tax on motor vehicles

KARACHI: Pakistan has reintroduced Capital Value Tax (CVT) at 1% of motor vehicle value on locally manufactured vehicles as well as imported vehicles. According to PwC AF Ferguson & Co.’s interpretation of the Finance Act 2022 through Section 7 of the Finance Act 1989, CVT has been imposed on the transfer of immovable property, certificates […]

Value tax

Letter: Sunak documents underscore case for property value tax

I’m sure pensioner Richard Caring (“Ivy owner told to take down mansion windows”, Report, May 28) will be grateful for Rishi Sunak’s £500 help with his house’s heating bill mansion in Kensington. Will he qualify for more than a £400 family discount? As a billionaire, I imagine he owns more than one house. The tenant […]

Value tax

What is land value tax and could it solve the housing crisis? – The European Sting – Critical news and insights on European politics, economics, foreign affairs, business and technology

(Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Training Content The United States was estimated to be short of nearly four million homes at the end of 2020. The UK, meanwhile, is also in the midst of […]

Value tax

How to value tax-exempt liabilities

Discounting is the most common calculation in municipal finance. A rather mundane use of discounting is to convert bond prices into yields. Much more important is to assess the present value of future cash flows. It makes sense to report the benefit of a refund transaction by summing the present values ​​of the future savings, […]

Value tax

The merits of replacing the LPT with a larger site value tax should be considered

The Commission on Taxation and Welfare – the government body created to consider how public services should be financed in the future – must examine the merits of replacing the local property tax (LPT) with a value tax of the larger site. The current LPT regime only applies to residential properties, but a site value […]

Value tax

Philadelphia Council Debates Property Value Tax vs. Property Tax

Within City Hall, the Kenney administration is more circumspect on theory. Philadelphia Revenue Commissioner and Commissions Director Frank Breslin said the change would open a box of legal worms while threatening the city’s financial stability. He said the city does not have the power to pass a property value tax and could be forced to […]