Exploring Real Property Tax Dynamics: A Comprehensive Literature Review on the Philippine Context

Abstract ―​

This literature review delves into the intricacies of real property tax dynamics within the unique framework of the Philippines. It meticulously examines various facets, including the legal underpinnings, assessment methodologies, compliance challenges, and socio-economic implications linked with real property taxation. Crucially, it emphasizes the indispensable role of precise assessment and appraisal techniques in upholding revenue integrity and fostering taxpayer compliance. Furthermore, the review meticulously scrutinizes the broader socio-economic repercussions of real property tax, unraveling its intricate connections with property values, land utilization patterns, and housing accessibility. Drawing upon insights gleaned from an extensive array of existing research and scholarly discourse, the review furnishes actionable recommendations tailored for policymakers, practitioners, and other stakeholders tasked with navigating the complexities of local taxation and fiscal governance in the Philippine context. This comprehensive analysis serves as a vital resource, empowering decision-makers to enact informed policies and strategies geared towards fostering equitable, sustainable, and transparent fiscal systems.