Study On Real Estate Tax Base And Appraisal Techniques

With the development of our country's market economic system and the real estate market, the current real estate tax system no longer adapts to the demand of this new situation and needs to be innovated immediately. The current Chinese real estate taxation has some shortcomings. The reform of the current real estate tax system should levy real estate possession tax, which is some kind of the property taxation.The dissertation compares the four tax bases used in the western countries, and introduces the real estate market situation of China, then suggests market value as the tax base of Chinese real estate taxation. The traditional real estate appraisal techniques for market value tax base have two shortcomings: firstly, when reassessment based on market value assessment is done frequently, it is not possible for property assessors to reassess each piece of residential property on such a frequent basis; secondly, the assessment service fee would be a big burden for the local governments. These shortfalls, however, can be overcome by mass appraisal techniques.Chapter 1 presents the background, the purpose and the meaning of this paper.Chapter 2 compares present Chinese real estate system with other country's systems, and analyzes some shortcomings of Chian's real estate system.Chapter 3 introduces tax bases and the appraisal methods of them.Chapter 4 chooses the tax base and appraisal methods for China. This chapter suggests the feasibility of market value as the tax base, and designs a mass appraisal system to solve the uneconomical problem of traditional appraisal techniques.Chapter 5 uses the mass appraisal technique to assess the market value of some real estates in Nanjing, China.Chapter 6 summarizes this paper. Mass appraisal technique is a new assessment method for real estate tax base in china, so there are some shortcomings of it, and it should be developed in the following researches.