Legal Thinking On China's Property Tax Levy

With the rapid development of market economy and real estate market,the current real estate tax system no longer fits in well with the requirements of development, owing to its own inherent drawbacks. Therefore,it is imperative to deepen reform and improve the real estate tax system as an important part of China's new round of real estate tax system reform.Property tax is in essence a type of asset tax,which is imposed on the owner or user of the real property for the duration of actual occupation;i.e.,property tax is mainly targeted at the owner or user of such real estate as land or house and it fluctuates in step with the real estate market value.lt pays off to conduct property tax from the perspective of economics and economic law.Large numbers of foreign countries have established many comparatively advanced property tax systems,whose experience sheds significant referential light on China.This chapter Pointed out that the current real estate tax of legal system in our country.China's existing real estate tax system is problematic due to unclear tax power division,tax types,tax basis,unreasonable tax scope,non-unitary tax policies,lack of authority and unsound supportive measures.Four factors are supportive of the necessity and feasibility of property tax:its own unique characteristics,the need of local government to expand its revenue,the requirement of sustainable development and the masses'needs.Also conducive to its introduction are concerns over the increase of government revenue,curb of government's short-term act,standardization of the real estate market,balance of social wealth,rectification of consumers'mentality,and innovation of real estate.Prior to establishing the legal system of property tax,three principles contain Tax statutorily,The tax revenue fair principle, the reasonable distribution of burden.On top of this,an appropriate legislature module should be also adopted,and given the actual national conditions,it is advisable to take the individualized property tax system.The design of concrete laws and regulations as well as the accompanying measure are,needless to say,of no little significance.lt should be demanded,therefore,that the object,range, tax payer and basis of taxing be specified,the evaluation mechanism established andimproved,the real estate registration system perfected,and taxing-related data base set up.