Property Tax Base Assesssment Applied Research In Mass Appraisal Of Hedonic Price Model

At present, China’s real estate tax is based on the " People’s Republic of China realestate tax regulations " promulgated by the State Council in1986were levied property taxbased on property tax cost or the amount of rent, the tax basis of the design of this system isunreasonable, the original value of property will not change with economic development,price changes and rising property values and a corresponding increase; while rental incomeas the tax basis, rental income due to the current sales tax is already included in the scope oftaxation on the basis of then there will be property tax levy of double taxation phenomenon.For the problem of irrational tax basis, the real estate tax base assessment methods can bechanged to mass appraisal methods. Batch assessment is an evaluation method in theevaluation of a large number of real estate values, can be done in a short period of largequantities of real estate for fast, accurate, low-cost valuation.Property tax assessment bases at this stage mainly bulk market approach, cost approach,the income approach to assess the three basic principle of the method as a basis for modelingbatch evaluation. Hedonic price method is often used by the relationship between widely usedin foreign research heterogeneous attributes of commodity and commodity pricemodel. Realestate is a typical kind of heterogeneity goods, in recent years the hedonic price model hasbeen widely applied in the field of real estate.This paper studies the basic theory and mass appraisal method to assess issues related tothe tax base in our application, first at home and abroad, study the history and current statusof the hedonic price model for volume assessment were analyzed and summarized; followedwith the development history of the hedonic price model theoretical basis, summarized on theestablishment of the hedonic price model in the case of each variable selection andestablishing property tax base in the hedonic price model to assess the theoretical analysis;Finally, an example has been in the real estate tax base assessment of hedonic price Empiricalanalysis of the model.