Study The Tax Base Valuation Of The Property Tax In China

With the rise of economic, China will enter a new stage that the development of industrialization and urbanization accelerates. The acceleration of urbanization promotes the development of Chinese Real Estate Industry. We need to study systematically how to solve the issues about land, housing, and other that appear in the process of urbanization. Real Estate Tax can regulate the allocation of real estate resource (land, buildings, etc.) from the macro level. However, Chinese real estate tax system is also facing many questions (little scot in holding area, the unreasonable tax basis, the narrow scope of charge, the difference of tax system between the local enterprises and the foreign enterprises, etc.) that affect the efficiency and fair of the tax system. In "The decision on the improvement of the market economic system by the CPC Central Committee" (published by The Third Plenum of the 16th CPC), it clearly states that:Reform the urban construction tax system. Set a standardized property tax when conditions are ripe for, and corresponding abolition of the fees. The property tax has been a hot issue in theorists and daily life of people. Everyone has started to discuss and research the property tax.Tax base valuation is an important precondition for the property tax. We have launched a pilot project in six areas since six years ago. Now there are ten areas. But the tax base valuation is always in the pilot phase. According the experiences of the pilot project and the discussion of community, there are some questions in the implement of the property tax and the tax base valuation. First, people can not understand the aim and effect of the property tax suitably. They overly intensify the effects of the property tax in controlling of house price. Second, they overly emphasize the substitution effects of the property tax to the fees of land transfer and the transformative effects of the property tax to the land transfer system. Third, the property registration system is not established, and so on. Actually, the house price depends on the market mechanism. Land transfer system and the fees of land transfer is a behavior that the government performs the rights of landowners. The property tax is a behavior that the government performs the administrative rights. There are not necessary relationship and substitutes. The mistakes of the understanding will directly or indirectly affect the designing of the overall program about the tax base valuation of the property tax. They also affect the object and the scope of the property tax, the choice of the value type of tax base valuation, and so on. All severely restrict the implementation of property tax and the tax base valuation.This thesis is based on that point, and tries to study the property tax and the tax base valuation on the base of foreign theory and practice situation, in order to provide some detail suggestions for practical application. This article can be divided into four parts. The first part presents the background, meaning and thinking of this study, reviews the situation at home and abroad, and gives the definitions to some basic concepts. The second part describes the present situation of the tax base valuation in china and the problems involved. Then compare with the assessment practice of developed country. At last discuss the international experience on the assessment of the property tax base that we can use. The third part introduces the designing about the tax base valuation system of property tax in China from the basic factors and facilities. The final part overviews the main theory and methods, and concludes the whole paper.