Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru

Property tax assessment revenue is the main income of local authority and is used to provide services and maintenance to the community. Past research has found the link between property value and property tax whereby any differences affecting property value reflect the property tax assessment value....

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Main Author:	Zulkifli, Nur Amira Aina
Format:	Thesis
Language:	English
Published:	2021
Subjects:	H Social Sciences (General)
Online Access:	http://eprints.utm.my/id/eprint/100152/1/NurAmiraAinaMFABU2021.pdf
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id	my-utm-ep.100152
record_format	uketd_dc
spelling	my-utm-ep.1001522023-03-29T06:55:23Z Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru 2021 Zulkifli, Nur Amira Aina H Social Sciences (General) HD Industries. Land use. Labor Property tax assessment revenue is the main income of local authority and is used to provide services and maintenance to the community. Past research has found the link between property value and property tax whereby any differences affecting property value reflect the property tax assessment value. Over decades, numerous studies have been conducted to investigate the relationship between green elements and property value. Past research has identified tangible elements of green building: green envelope components that affect property value. However, to date, no research has been conducted to determine the effect of both tangible and intangible green elements on property value. Henceforth, this research intends to identify and measure the effect of intangible green elements on local authority property tax revenue. Three objectives have been outlined in this research which are, 1) To identify tangible and intangible green elements on the property, 2) To measure the effect of tangible and intangible green elements on property value, and 3) To validate the effect of tangible and intangible green elements on local authority property tax assessment revenue. A comprehensive review of literature and guidelines by green rating tools was conducted and analysed through systematic analysis. The findings are used to construct questionnaires and distributed among property valuers to identify the effects of tangible and intangible green elements on property value. Furthermore, hedonic models through multiple regression analysis were developed to measure the percentage of value increment and decrement for each green element. The results are then used to validate the effect of tangible and intangible green elements on local authorities’ property tax assessments revenue. The findings show local authorities’ property tax assessment revenue is estimated to increase by 36.4% if the property under their administrative area implements green elements that have a positive effect on the value and decrease by 7.0% if the property under their administrative area implements green elements that have a negative effect on value. This research is significant for the local authority to support sustainable agenda by promoting green building development at the local level. 2021 Thesis http://eprints.utm.my/id/eprint/100152/ http://eprints.utm.my/id/eprint/100152/1/NurAmiraAinaMFABU2021.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:150009 masters Universiti Teknologi Malaysia, Faculty of Built Environment & Surveying Faculty of Built Environment & Surveying
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	H Social Sciences (General) H Social Sciences (General)
spellingShingle	H Social Sciences (General) H Social Sciences (General) Zulkifli, Nur Amira Aina Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru
description	Property tax assessment revenue is the main income of local authority and is used to provide services and maintenance to the community. Past research has found the link between property value and property tax whereby any differences affecting property value reflect the property tax assessment value. Over decades, numerous studies have been conducted to investigate the relationship between green elements and property value. Past research has identified tangible elements of green building: green envelope components that affect property value. However, to date, no research has been conducted to determine the effect of both tangible and intangible green elements on property value. Henceforth, this research intends to identify and measure the effect of intangible green elements on local authority property tax revenue. Three objectives have been outlined in this research which are, 1) To identify tangible and intangible green elements on the property, 2) To measure the effect of tangible and intangible green elements on property value, and 3) To validate the effect of tangible and intangible green elements on local authority property tax assessment revenue. A comprehensive review of literature and guidelines by green rating tools was conducted and analysed through systematic analysis. The findings are used to construct questionnaires and distributed among property valuers to identify the effects of tangible and intangible green elements on property value. Furthermore, hedonic models through multiple regression analysis were developed to measure the percentage of value increment and decrement for each green element. The results are then used to validate the effect of tangible and intangible green elements on local authorities’ property tax assessments revenue. The findings show local authorities’ property tax assessment revenue is estimated to increase by 36.4% if the property under their administrative area implements green elements that have a positive effect on the value and decrease by 7.0% if the property under their administrative area implements green elements that have a negative effect on value. This research is significant for the local authority to support sustainable agenda by promoting green building development at the local level.
format	Thesis
qualification_level	Master's degree
author	Zulkifli, Nur Amira Aina
author_facet	Zulkifli, Nur Amira Aina
author_sort	Zulkifli, Nur Amira Aina
title	Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru
title_short	Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru
title_full	Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru
title_fullStr	Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru
title_full_unstemmed	Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru
title_sort	effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in johor bahru
granting_institution	Universiti Teknologi Malaysia, Faculty of Built Environment & Surveying
granting_department	Faculty of Built Environment & Surveying
publishDate	2021
url	http://eprints.utm.my/id/eprint/100152/1/NurAmiraAinaMFABU2021.pdf
_version_	1776100661023211520

Effects of tangible and intangible green elements of stratified residential property on local authority property tax assessment revenue in Johor Bahru

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