Global Recurrent Immovable Property Tax Revenue Perceived by a Local Government by Country

In 2023, Brazil tops the global recurrent immovable property tax revenue perceived by local governments, with $13.24 billion. South Africa and the Philippines follow with significant contributions of $5.99 billion and $1.51 billion, respectively. Emerging economies like Peru and Mongolia have shown robust growth rates of over 5%, Nicaragua even higher at 5.78%. Developed nations such as the United States and France exhibit modest growth trends. Notably, Guatemala and Mauritius face declines. On average, the global growth rate of property tax revenues tends to remain steady or shows slight increases over recent years.

Future trends to watch include the impact of economic volatility on tax revenue, particularly in emerging markets, where growth rates appear more dynamic. Additionally, urbanization and property market fluctuations could significantly influence these revenues worldwide.