State and Scope of Property Taxation in Bangladesh slide image

State and Scope of Property Taxation in Bangladesh

Section 3: Current State of Property Taxes in Bangladesh - · Learning from the Evidence (iii) Valuation - Discrepancy between Mouza Rate and Actual Market Price of Land in Dhaka City Comparison between Mouza Rate and Actual Market Price of land in Dhaka, 2023 ☐ The actual market price of land per Kattah is higher than the government-determined Mouza rate for each of the selected areas of Dhaka city ☐ On average, Mouza rate is only 29 % of the actual market price of land in selected areas of Dhaka city ☐ Traditional areas are enjoying tax rebate in comparison to new residential areas - Reflection of power structure? Faydabad, Uttara Uzampur, Uttar Khan Faydabad, Uttara Location of the Plot Name of Mouza Mouza Rate (per Kattah, million TK) Market Price of Land (per Kattah, Mouza Rate as Share of Market million TK) Price (%) Bosila, Muhammadpur Katashur (Inside the Beri Bhad) 1.88 3.30 57.00 Faydabad 2.15 4.00 54.00 Uzampur 0.40 0.90 45.00 Faydabad 2.18 6.20 35.00 Dhanmondi, Road 15 Dhanmondi 12.33 36.95 33.00 Kalunagar 0.96 4.66 21.00 Kulal Mahal 1.07 15.58 7.00 Katashur (Outside 1.98 35.00 6.00 the Beri Bhad) Dhanmondi, Road 31 Dhanmondi Hazaribag, Dhaka Jigatola, Hazaribag, Dhaka Lalmatia, Dhaka 2.24 45.00 Source: Mouza rate: Dolil.com, Land price: Bproperty and Bikroy.com (Accessed on April 2023) 5.00 State and Scope of Property Taxation in Bangladesh 32
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