The property tax system in Turkey that has proven itself in terms of modern taxation principles is facing some structural problems. Foremost among those structural problems is the issue of the determination of the tax value. This problem, that causes increasing tax losses, can be resolved with the introduction of a new tax valuation methodology. At this point the current tax valuation method should be terminated and a commission consisting of academicians and representatives from the real estate market should determine the taxable value. In this way, property tax losses and evasions will be reduced and municipalities’ revenues will be increase markedly. Currently, in Turkey, some of the newly established metropolitan municipalities have a lower level of development compared to other metropolitan municipalities. If the relevant provisions related to property tax are applied without discrimination among all metropolitan municipalities, it is difficult to acquire property in the newly established metropolitan municipalities. This will also create the problem of migration to more attractive locations within the country. In this context, the relatively low-rated property tax application, which is limited to a certain period of time, will be useful in order to prevent this. Thereby, internal migration problems will be solved efficiently, and interregional differences of development will be reduced in the medium term. Consequently, in parallel with the continued development in the real estate sector, there is a real possibility of experiencing a marked development in property tax efficiency over the next decade.