11.1 Administrative Steps

The key administrative steps for property taxes begin with registration, which involves identifying the properties that are subject to taxation based on ownership. Next is the assessment, where the property’s value is quantified to establish the tax base, and the tax rate is determined. This step is particularly challenging in the context of property taxes and differs from other forms of taxation in that both the tax base and the tax rate are set by the government. There is often a trade-off between setting the tax base and the tax rate. Finally, the collection step involves the mailing of tax bills to property owners and the processing of the receipts once the taxes are paid.