Kosovo Property Tax System Established – and Growing
The property tax is one of the most important levies introduced in Kosovo today, providing local municipalities with revenues for improving infrastructure and community services, and meeting financial obligations. The Property Tax Unit of the Ministry of Economy and Finance launched a Pilot Property Tax Program with technical support provided by USAID and its team of technical advisors in 14 of the 30 municipalities throughout Kosovo in 2002. The municipalities, supported by the Property Tax Unit, collected some $4.7 million for 2002. In the following year, a new Regulation on Immovable Property in Kosovo extended coverage to all 30 municipalities, raising property tax collections to slightly more than $9.2 million. Since then, collections have continued to rise to the 2004 level of just over $11.3 million.
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From zero to $11 million – the property tax system established in Kosovo is working and funds needed local public projects.
Graphic credit: Jeannette Sanchez/Dian Johnstone, BearingPoint, Inc. |
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