SYSTEM OF TAXATION OF PROPERTY OF INDIVIDUALS AND FOREIGN EXPERIENCE

This article analyzes the theoretical foundations and practical aspects of the property taxation system of individuals. The study examines the economic essence of property tax, its role in forming state budget revenues, and its importance in tax policy. The current state of property taxation of individuals in Uzbekistan is analyzed based on the provisions of the Tax Code and official data from the State Tax Committee. The article also studies the experience of developed countries such as the United States, Germany, and the United Kingdom in the field of property taxation. Their specific features and effectiveness are analyzed, and the possibilities of applying foreign experience in the conditions of Uzbekistan are considered. The research results indicate that improving the property taxation system for individuals requires the development of digital tax administration, improvement of the mechanism for determining the market value of real estate objects, and enhancement of interaction with taxpayers. The effective organization of property taxation contributes to increasing state budget revenues and ensuring economic stability.