| We can easily know from reviewing the development history of China’s real estateindustry in recent years. From the year2010to2013, the real estate market price has beenrising and rising in most cities of our country. In order to make the real estate market in ourcountry achieve a stable development, our central and local government proposed a series ofnew policies. But now, all kinds of policies seem to be difficult to control the real estatemarket overall situation. Recently there are even some economists and research institutesreminding China to guard against the possibility of the real estate bubble on public networkmedia.Based on such a competitive international society environment, our China does notface enormous challenges constantly and everywhere. So to be in an impregnable position,we need make innovation and go with the internationalization of policy line. Facing manyother countries have been held at of its citizens a building or land property, such as thecorresponding real estate tax. Meanwhile, the part of the tax has become an importantfinancial source of its local taxes. However, the topic of whether to need consider to have aresidential building property tax reform in our country is still a controversial discussion. Atpresent, the mainstream view proposes that we should draw lessons from foreign strategiesof a property tax on stock housing. On the one hand, we can achieve the new adjustment onthe tax structure in China, at the same time it also could consummate the government’smacroeconomic measure and control in the real estate market space. On the other hand, It islikely to fundamentally contain "the land finance" hidden trouble which was caused by thelocal government in China within many years. As well as it can eliminate a major sourceproblem of our country’s real estate market price rising. Under such a background,Shanghai and Chongqing have referred to residential housing property tax since January2011according to the deployment of the state council.This article intends to do a simple combing about the foreign real estate tax policiesand its related specific measures for the implementations. And on this basis, imagine thatour country began to keep a real estate tax on personal housing in the near future. Alsoassuming locating our gradually matured real estate tax base in its assessed value. The evaluation of a large number of real estate will certainly need an application of taxableproperty mass appraisal technology, which should be an objective, fair and efficient massappraisal method. And further this article raises the hedonic price model which is a widelyeffective evaluation method can be used for reference.Under this idea, this paper firstly made a systemic discuss about the related definition,principle, advantages and disadvantages. Then made a further systematic induction analysisabout its application assumption, the involved factors in selection, the implementation of themodel, and the correlation tests. Finally this article uses the collected residential real estatedata to make an empirical analysis for the hedonic price model for the evaluation of theproperty tax base. The final regression equation not only passed the various statistical tests,but also the model test in the economic sense is mostly in accordance with the real estatemarket. Based on the above research, the last conclusion introduced in this paper is as below.Under the premise that the collected residential real estate data is reliable, we can use thehedonic price model to do mass appraisal to those with similar location, structure andneighborhood characteristics. Also we usually could draw a price equation which has a goodexplanation meaning. In short, the hedonic price model of the mass appraisal has a goodapplication prospect in real property tax evaluation area. |
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