The aim of the paper is to address the issue of social inequity in Italy due to property taxation. The European Union has declared the fact that cadastral values used to define property taxation in Italy do not reflect market prices. In this paper, we analyze the discrepancies between cadastral values and listing prices. Furthermore, we find empirical coefficients to apply to current cadastral values to reduce the spread between current cadastral values and market prices. The procedure used is very simple and could easily be applied by local public administrations in order to correct the inequity produced by the current property taxation system within the same city and among various cities.

Market Prices and Property Taxation in Italian Real Estate: A Turin Case Study / Curto, ROCCO ANTONIO; Fregonara, Elena; Semeraro, Patrizia (GREEN ENERGY AND TECHNOLOGY). - In: Appraisal: From Theory to Practice. Results of SIEV 2015 / S. Stanghellini, P. Morano, M. Bottero, A.Oppio. - STAMPA. - Berlin : Springer, 2017. - ISBN 978-3-319-49675-7. - pp. 141-155 [10.1007/978-3-319-49676-4_11]

Market Prices and Property Taxation in Italian Real Estate: A Turin Case Study

CURTO, ROCCO ANTONIO;FREGONARA, ELENA;SEMERARO, PATRIZIA
2017

Abstract

The aim of the paper is to address the issue of social inequity in Italy due to property taxation. The European Union has declared the fact that cadastral values used to define property taxation in Italy do not reflect market prices. In this paper, we analyze the discrepancies between cadastral values and listing prices. Furthermore, we find empirical coefficients to apply to current cadastral values to reduce the spread between current cadastral values and market prices. The procedure used is very simple and could easily be applied by local public administrations in order to correct the inequity produced by the current property taxation system within the same city and among various cities.
2017
978-3-319-49675-7
Appraisal: From Theory to Practice. Results of SIEV 2015
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11583/2660983
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