The West Bengal Valuation Board: A study in organisation and working
By: Prasad, D. Ravindra.
Contributor(s): Narla, Vasavi | Chary, V. Srinivas.
Material type:
ArticlePublisher: 2011Description: p.154-175.Subject(s): Taxation
In:
Indian Journal of Public AdministrationSummary: Despite property tax being a major source of internal revenue to the urban local bodies (ULB's) in India, it is not being properly managed and exploited optimally. Mobilisation of this resource has remained far from its actual potential. The 13th Finance Commission estimated that the cities can mobilize anywhere between Rs.22,000 to Rs.32,000 crore annually from the present Rs.6,274 crore to Rs.9,424 crore with improved coverage and collection efficiency. To facilitate this, it recommended constitution of a state property tax board, on the lines of West Bengal Valuation Board, which has been functioning for over a quarter century. This is one of the nine mandatory whose compliance is a pre-condition to access the performance grant of about Rs.8,000 crore it recommended to ULB's. The authors in this article examine the legal framework, Board's composition, functions, staffing, property valuation process, etc. The authors critically examine the Board's composition, functions, staffing, property valuation process, etc. The authors critically examine the Board's organisation and working and draw a few lessons which can be taken into consideration by the state governments which have either constituted or are in the process of constituting similar institution in their states. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 57, Issue no: 2 | Available | AR93083 |
Despite property tax being a major source of internal revenue to the urban local bodies (ULB's) in India, it is not being properly managed and exploited optimally. Mobilisation of this resource has remained far from its actual potential. The 13th Finance Commission estimated that the cities can mobilize anywhere between Rs.22,000 to Rs.32,000 crore annually from the present Rs.6,274 crore to Rs.9,424 crore with improved coverage and collection efficiency. To facilitate this, it recommended constitution of a state property tax board, on the lines of West Bengal Valuation Board, which has been functioning for over a quarter century. This is one of the nine mandatory whose compliance is a pre-condition to access the performance grant of about Rs.8,000 crore it recommended to ULB's. The authors in this article examine the legal framework, Board's composition, functions, staffing, property valuation process, etc. The authors critically examine the Board's composition, functions, staffing, property valuation process, etc. The authors critically examine the Board's organisation and working and draw a few lessons which can be taken into consideration by the state governments which have either constituted or are in the process of constituting similar institution in their states. - Reproduced.
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