Český finanční a účetní časopis 2017(1):41-52 | DOI: 10.18267/j.cfuc.491

Arrears on the tax on immovable property

Jana Janoušková, Šárka Sobotovičová

Immovable property tax is not a significant tax in terms of public finances in the Czech Republic. However, it completes tax system and ensures stable tax revenues which are income of municipalities on whose territory the property is located. In the context of theoretical approaches and empirical studies the importance of this tax is often discussed topic. The aim of this paper is to evaluate the development of immovable property tax arrears in the context of tax imposed in the Czech Republics and identification tax arrears impact on municipality budgets. Cumulative immovable property tax arrears are decreasing in the last years and amount less than one percent of collectable tax arrears. Immovable property tax arrears have negative impact on municipality revenue, particularly in relation with the share of immovable property tax revenues on the total municipality revenues.

Keywords: Immovable property tax, Tax arrears, Municipal budget

JEL classification: H71

Published: March 1, 2017  Show citation