The study presents and discusses the different practices and views relating to property incidence. The practices presented include the annual value, market value and site value systems. The four economic views viz. orthodox view, new view, new orthodoxy and benefit view are also discussed. It notes that every view presented has its own merits and applications and no single incidence theory of property taxation has a general application. In making a thorough study on this topic, it recommends that the inquiry be deduced in the most specific subject as possible, limited in a specific area, and must consider long-term or short-term effects to be able to acquire concise results.
