Real es tate (RE), or land and attachments thereon is the primary (substratum) host of humanity and inextricably linked to all economic activities, being an indispensable factor of production. The continuous value increment and appreciation of RE laden it with exceeding economic potentials that continues to arouse the interest, curiousity and actions of diverse stakeholders: private and public. It is trite that property tax (PT) is one of the most significant ways to harness the benefits of RE for national prosperity, or the public good.
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