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.

Marco Salm pursued his doctorate in public finance at German University of Administrative Sciences, Speyer, Germany. He holds a master¿s degree in economics from the University of Heidelberg in Germany.

Introduction.- Theoretical Insight on the Property Tax.- Property Taxes within the BRICS State.- Summary and Way Forward.