Title:  Property Tax Reforms in Karnataka and Other States

Authors: Dr. Ravikiran N.R, Assistant Professor, Department of Commerce & Management, Government First Grade College, Frazer Town, Bangalore, Karnataka, India, 560005

Abstract: Property tax is a major source of revenue for urban local bodies (ULBs) in India. However, the collection of property tax is often inefficient and inequitable, leading to a significant revenue shortfall for ULBs. This paper examines the state of property tax reforms in Karnataka and other states in India. It identifies the key challenges to property tax reform and discusses the various reform measures that have been implemented or proposed. The paper concludes by arguing that property tax reform is essential for ULBs to achieve financial self-sufficiency and provide better services to their citizens.

Keywords: Property tax, Urban local bodies (ULBs), Low tax rates, Public support

DOI: 10.5281/zenodo.8233060

African Journal of Accounting, Auditing and Finance, 2023 Vol.9 No.1, pp.33 - 37 (Revised pp:33-40)

Received: 15 Dec 2022
Accepted: 18 March 2023
Published online: 17 May 2023