Research On Property Tax Law Regulation Of Chinese Real Estate Market

Since the second half of 2009, the real estate market in China has been under vigorous development, with non-stop rising house price. As one of the most important measures to regulate the real estate market, the Property Tax, which is considered as a weapon to reduce the high price, has drawn great attention afresh. Therefore, the voice of legislation of the Property Tax Law has been rising.There is no doubt that the Property Tax is in favor of holding back the excess venture in real estate market, optimizing the allocation of resources, and fairing social wealth. However, it is just one of the factors that influence the house price, moreover, there is rare precedent for achieving success in regulating and controlling the price by the Property Tax Law worldwide.This article intends to unite quantitative analysis and qualitative analysis, illustrated by the example of the real estate market economics and tax in Guangzhou. It will research on the influence of tax law and policy on the development of the real estate market in the recent years, as well as analyze the control effect of the real estate tax law at present, then make an investigation on global experience of the Property Tax Law. Furthermore, the article will discuss the major target orientation and the legislation principle of the Property Tax Law in China with a possible proposal.