Property Tax System: A Tax Mechanism for Legal Entities and Individuals

This article analyzes the property tax system in the Republic of Uzbekistan and tax mechanisms applicable to legal entities and individuals. This type of tax is an important source of state budget revenues, and in 2023 its share was about 8-10%. Tax rates for legal entities are set at an average of 1.5-2%, and for individuals - from 0.1% to 1.5%. The article covers issues of determining the tax base based on cadastral value, improving the system of benefits and tax administration. As a result, the effectiveness of the property tax system depends on the digitalization and accurate valuation system.