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

The global recurrent household immovable property tax revenue perceived by local governments highlights significant disparities. In 2023, South Africa leads with $5.96 billion, followed by Morocco at $0.60184 billion. Notable year-on-year growth is found in Kazakhstan and South Africa, which exceed 3%. Conversely, France and Germany exhibit slight declines. Smaller European countries like Slovenia and Austria demonstrate minimal tax revenues, less than $0.0001 billion. Examining trends over the past five years, Latvia and Kazakhstan show robust growth. Overall, diverse performance emphasizes varying fiscal policies and economic conditions.

Future trends to watch include the impact of economic reforms, urbanization, and property market dynamics on tax revenues. Countries like Kazakhstan and Morocco may experience further growth due to policy shifts and urban expansion, whereas mature economies might stabilize or slightly decline due to economic restructuring and demographic shifts. Changes in global economic conditions, including inflation and socioeconomic policies, will also drive future revenue trajectories.