State and Scope of Property Taxation in Bangladesh
Section 4: Implementation Challenges of Bangladesh Property Taxes
- Gap Analysis
Tools of Property Tax
Assessment basis
Legal framework
Policy Variables Related Challenges of Property Tax
Challenges
Acquisition value, annual rental value or capital value - all valuation bases are subject to various
generalisations and conducted in a notional approach instead of a market-informed approach
This is due to the unavailability of data to conduct a market-informed valuation
ā Reforming laws periodically has not been carried out for the existing property taxes
There have been some changes in property tax collection over the years, such as in the case of land tax, the
tax collection process is being automated
There have been other amendments regarding rates, but the laws are old
Inconsistent record-keeping affects the management of land records
The land records are governed by more than 100 acts, ordinances and regulations, with three types of
records maintained by three different offices - Upazila Land Office, Upazila Settlement Office and Sub-
Registry Office
The multiple land records cause difficulties in land transactions, dispute resolution and taxation
Justice concern
Efficiency concern Transparency concern
State and Scope of Property Taxation in Bangladesh
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