Property Tax has failed to become a significant revenue producer, raising only an amount equivalent to about 0.6 percent of GDP in emerging countries. This KSB aims to map out options, pros/cons, issues (e.g. sequencing) to be factored in when designing/implementing property tax reforms. The KSB will achieve this objective by tapping expertise across the Bank and by informing the production of a Guidebook that will reflect best practice knowledge outside/inside the Bank.