Background of the Study
Property tax is a significant tool for financing urban development, especially in developing regions like Gboko LGA. By generating revenue from property owners, local governments can invest in critical infrastructure such as roads, schools, and healthcare facilities. However, the extent to which property tax contributes to urban development depends on efficient administration, equitable assessment, and high compliance rates.
In Gboko LGA, property tax is vital for addressing urbanization challenges, including housing deficits, inadequate infrastructure, and environmental degradation. This study investigates the impact of property tax on urban development, highlighting its role in financing infrastructure projects and improving living standards.
Statement of the Problem
Despite its potential, property taxation in Gboko LGA faces challenges such as poor administration, low compliance, and limited transparency. These issues undermine its impact on urban development, leading to inadequate infrastructure and poor service delivery.
Aim and Objectives of the Study
To examine the impact of property tax on urban development in Gboko LGA.
To identify challenges limiting the contribution of property tax to urban development.
To propose strategies for enhancing the role of property tax in urban development.
Research Questions
What is the impact of property tax on urban development in Gboko LGA?
What challenges limit the contribution of property tax to urban development?
What strategies can enhance the role of property tax in urban development?
Research Hypotheses
Property tax does not significantly impact urban development in Gboko LGA.
Challenges do not significantly limit the contribution of property tax to urban development.
Proposed strategies do not significantly enhance the role of property tax in urban development.
Significance of the Study
The study highlights the importance of property tax in fostering urban development in Gboko LGA, providing insights for policymakers and urban planners.
Scope and Limitation of the Study
The study focuses on the relationship between property tax and urban development in Gboko LGA. Limitations include data availability and variability in property valuation practices.
Definition of Terms
Property Tax: A tax levied on real estate properties based on assessed value.
Urban Development: Improvements in infrastructure, housing, and public services in urban areas.
Challenges: Barriers limiting the effectiveness of property tax in Gboko LGA.
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