The overall objective of the book is to holistically assess the
property tax systems in BRICS megacities. As megacities play a
vital role within their respective countries - economically,
administratively, and from a human development perspective - they
experience the costs and benefits of urbanization simultaneously
with major investment needs, rising poverty, and increasing
congestion and pollution levels in the context of limited financial
resources, raising the question for a suitable decentralized
funding source. This book highlights the property tax as a means to
help further improve the financial sustainability of megacities,
the reliability and quality of their services, and megacities'
contribution to supporting economic growth.
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