| The Third Plenary Session of16th CCCPC put forward clearly in2003that is “to carryout a tax-for-fee reform on urban construction and to impose a unified property tax on realestate while abolishing current charges in proper time.” Accordingly, imposing the propertytax was recognized as the direction of reform in real estate tax, as well as the importantmeasures of the improvement of current property tax system.In recent years, with the rapid development of the market economy in China, the realestate industry has been also on a trend of rapid growth, which especially reflected in theskyrocketing housing price. It is this increasing property price that results in such abnormalpresent situation in the real estate market: in order to buy an apartment, someone makeshimself become a lifelong "house slaves"; while someone acquires value increase byaccumulating housing estates. On one hand, because most of the disposable income is spenton the mortgage loan, mortgage slaves’ budget on the consumption and investment isextremely tight. This leads to the impoverishment of their social lives, which has drasticallydecreased their living standard and fettered their comprehensive personal development. Onthe other hand, taking advantage of the potential profit in real estate, someone peculates onreal estate market and harvests a large amount of wealth, which masks the real demand of realestate market and leads to the imbalance of the market’s supply and demand.This paper summarizes the experiences of the property tax of various countries.Combining the actual conditions of our country, it also analyzes the necessity of property taxand establishes the design of property tax system, additionally, proposes the supportingmeasures of imposing the property tax. Finally, this paper illustrates the influence on the realestate market in our country, which has certainly theoretical and realistic meaning inthe reform of property tax, the improvement of local finances and the fair social wealthdistribution. |
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