Roy Kelly's presentation on modernizing property tax is highlighted in 'Valuer'

The March 2024 cover story of  “Valuer,” the quarterly publication of the Institute of Revenues, Rating and Valuation (IRRV), highlights key points from a property tax reform presentation made by Roy Kelly, professor of the practice emeritus in the Sanford School of Public Policy and Duke Center for International Development.

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In the cover story, “Policy and practice around the global landscape of property tax policy,” Paul Sanderson, president of the International Property Tax Institute (IPTI), writes about the discussion and presentations from the Property Tax Conference: Policy and Practice, held December 2023 in the Hague, Netherlands, and organized by IPTI in cooperation with the Netherlands Council for Real Estate Assessment.

During the conference, which brought together participants from 21 countries to discuss the global landscape of property tax policy, Kelly delivered a presentation on “How to Reform or Modernize Property Tax” and served as a panelist for the “Next Steps for Property Tax Reform and Modernization” discussion.  

“Roy stated that the ultimate goal of property tax reform was a productive, fair and efficient system to provide funding for public services,” Sanderson wrote about Kelly’s presentation.

“Roy went on to refer to the potential of, and opportunities related to, property tax in different jurisdictions and highlighted that it was necessary to undertake a diagnostic analysis to identify key problems and any underlying policy, administrative and/or institutional factors.

“He identified a number of common challenges including the following:

• narrow tax base with multiple exemptions low and inappropriate tax rate structure
• incomplete property registries
• low, out of date and inconsistent property values
• inaccurate tax liability assessments
• poor revenue and collection enforcement
• high administrative and compliance costs
• lack of taxpayer service.”

The full article is available online for members of the Institute of Revenues Rating and Valuation, the largest association for professionals working in the field of revenues, benefits and valuation.