State and Scope of Property Taxation in Bangladesh
Tax Base
Tax Exemption
Valuation
Tax Rate
Administration
Section 2: Selected Global Practices of Property Tax
Land Development Tax
☐ Vacant land and land used for residential or commercial purposes [in Australia (Queensland), Denmark]
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Urban land suitable for building houses or used for other non-agricultural construction purposes (in China).
Land used by Public utilities, government, charitable institutions and for aged care facilities [in Australia (Queensland),
Denmark, China]
☐ Agricultural land (in China)
Market-informed valuation [in Australia (Queensland)]
Market-informed valuation is valuation based on the size of land adjected with location, physical attributes and
other factors of property, such as supply of basic utilities, distance from public transport station etc.
A Valuer-General undertakes annual land valuation in Australia (Queensland)
Rural land is usually valued based on 'unimproved value' of land, that is the value of such lands that are likely to be sold
without improvement
Non-rural land is valued based on 'site value' of land, that is the value of lands that are likely to be sold with some
improvement
Public valuation of the land (in Denmark) - public valuation means taxpayers assess their own property based on market value of
similar property and inform the value to local authority
Area-based valuation - valuation based on size of land (in China)
Progressive rate (1 cent to 2.25 cents for every USD 1) [Australia (Queensland)]
Flat rate determined by each municipality, and the rate varies progressively (1.6% and 3.4%) across different
municipalities (in Denmark)
☐ Progressive and classified rate is imposed on each square meter of land where the tax rate varies across different sizes/ type of
cities (big, medium, small, county towns/ administrative towns/industrial districts/mining districts (in China)
Tax is collected at state level [in Australia (Queensland)]
Tax is collected by the local government (Municipality. County etc.) (in Denmark and China)
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