THE IMPACT OF THE FISCAL DECENTRALIZATION ON THE TAX REVENUE OF REAL ESTATE TAX ON THE LOCAL SELF-GOVERNMENT OF THE SLOVAK REPUBLIC

Local taxes are stable tax revenues the municipality, which the municipality selects itself on the basis of binding equipment, approved by the three fifths of the present members of the municipal council. They also present an economic tool for regulation of the area, respectively social tool for select groups of inhabitants. According to the Act no. 582/2004 Coll. on local taxes and local fees for municipal waste and minor construction waste, local taxes and fee are own tax revenue of the municipalities, that a municipality may impose and set of their tax rate. More than 60% of total funds raised from local taxes consist of the real estate tax. The aim of this paper is to evaluate the development of property tax as one of the most important own revenue of municipalities in the context of legislative changes within a time series and size groups of municipalities through selected explanatory methods. The analysis showed that the legislative changes concerning the accession to the EU as well as fiscal decentralization has resulted in an significant increase in revenue from the real estate tax to budgets on the level of local self - government in Slovak republic.