Download or read book OECD Multi-level Governance Studies A Review of Local Government Finance in Israel Reforming the Arnona System written by OECD and published by OECD Publishing. This book was released on 2021-12-17 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a comprehensive analysis of the Israeli system of local government finance, with a focus on the role of the Israeli property tax, known as the Arnona. Local governments are financed through a combination of revenue, primarily from central government grants and from the Arnona, which is levied on residential and non-residential land and buildings but is based on their physical size rather than their value.