Residential Immovable Property Ownership Tax Levied

The Third Plenary Session of the 16^th Party Central Committee announced that "Implement town construction tax and fee reformation, levy united and normative property tax when condition allowed, and cancel related tax and fees correspondingly." So now the reform of property tax has been paid great attention and emphasis. In this article I will call it as "real property possession tax". As a new taxation, how to design its tax system and policy? What complementary measures does the reform need? How much property tax burden do households bear? And whether the tax burden is moderate? All of these issues are the research content in this article.As a preface, chapter 1 introduces some concept, such as the real property, real property tax and real property possession tax. The theory basis of levying upon dwelling house is the benefit view of property tax, that is to say residents who enjoyed the local public service should pay for it.Chapter 2 introduced the real property possession tax system of some developed countries, such as America, Japan and England. Then this article concludes some experiences to use for reference in our property tax reform.As the main body, chapter 3 systemically designed the real property possession tax system, concluding levy object, taxpayer, the levy range, tax base, tax rate and so on. Then some complementary measures about the reform have been introduced, these are real property assessment system and the property register policy.Before the real property possession tax reform, the dwelling house is exempt form property tax. Once levying the real property possession tax, households must bear the tax burden, then how much tax burden would they bear? Whether the tax burden is fair or moderate? These issues will be researched in chapter 4. Firstly, I calculated the average tax burden of residents in Chengdu based on the statistical data, and I found the tax burden is moderate for the households; Secondly, I investigated 197 residents by questionnaire to find out some information about their family, house and attitude to the tax reform. Based on the result, I found the poor will bear heavier tax burden, so the tax relief is very important to the poor.