In 2023, property tax revenues as a percentage of total taxation were highest in the United States, Canada, and South Korea. Year-on-year changes reveal minor increases in North America, with significant declines noted in Indonesia and some European countries like Ireland. Steady or positive growth in property taxation was seen in New Zealand, Colombia, and Finland. The last five-year period saw varying growth rates, generally aligned with economic conditions and policy changes in each country.
Future trends to watch include potential policy shifts in property taxation due to evolving economic conditions, the influence of global economic recovery, and the impact of new housing regulations, which could alter revenue dynamics significantly in several countries.
Top countries in Government Revenues from Taxation on Property by Country
| # | 10 Countries | Percent of Total Taxation | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 12.37 | 2023 | -0.16% | +0.15% | View data |
| 2 | 2 Canada | 11.63 | 2023 | 0% | +0.017% | View data |
| 3 | 3 South Korea | 11.35 | 2023 | -0.26% | -0.45% | View data |
| 4 | 4 Luxembourg | 10.19 | 2023 | +1.09% | +0.99% | View data |
| 5 | 5 Israel | 10.17 | 2023 | 0% | -0.2% | View data |
| 6 | 6 Australia | 9.89 | 2023 | +0.2% | +0.77% | View data |
| 7 | 7 France | 9.04 | 2023 | +0.11% | +0.13% | View data |
| 8 | 8 Colombia | 8.71 | 2023 | -0.8% | +1.66% | View data |
| 9 | 9 Belgium | 8.2 | 2023 | +0.61% | +0.9% | View data |
| 10 | 10 Japan | 7.72 | 2023 | -0.9% | -0.93% | View data |
