Research On Influence Of Levying Property Taxes To Real Estate In The Mainland Of China

In January 2011,the State Council executive meeting agreed that in some cities on the individual housing property tax reform, specific method of collection from the pilot provinces (autonomous regions and municipalities) to develop the people's government from reality, Shanghai and Chongqing have been on the residential property tax levy. For the property tax levy can be played on what impact the real estate market, there has been controversies, the core issue is whether the real estate tax to curb rapid growth in house prices and the future of the real estate industry. Domestic and foreign scholars for real estate tax (property tax) has done more research, Taxation and Land Economics from the other point of this was studied. The real estate market is a multi-market participation, Mainly developers and home buyers, both the main game is the market; Second, the government and the banks are also participants in the market game, their policy, interest rate and other aspects of the real estate market impact. Real estate tax levy is the original rules of the game or participants change, change is the core of the cost and effectiveness of game subject, and further impact on trading volume. The real estate market, changes in supply and demand, will ultimately be reflected in prices. Therefore, with game model and the market supply and demand, it can be concluded: property tax levy will be in the short term volume decline, while the long term, various measures in the government and banks, the volume will have different degrees of recovery. But across the country on the residential property tax is still much work to do, including the establishment of a sound housing assessment procedures which based on GIS system,in the formulation of relevant laws and regulations, institutional and institutional construction and real estate information collection and processing, all regions still have a lot of preliminary work to be perfected.