Impacts Of Property Tax On Residential Real Estate Market

Since reform and opening, with the rapid growth of China’s economy, the real estate market has entered a rapid development of the channel.Especially since1998, China abolished the welfare housing system since the development of individual housing market entered a new era. Since2002, commercial housing prices rising year after year, resulting in serious bubble economy, not only constrains the purchasing power of residents of housing consumption, affecting the sustainable development of the national economy, is not conducive to a fair and stable society. Status of development of real estate market, but also aroused great attention of government departments, stable prices has become the focus of discussion.For this government introduced a series of policies control the property market, including credit policy (mortgage interest rate floor), administrative policies (limit, the purchase of the policy), etc., but the results were not satisfactory.2011, individual housing property tax reform policies crashed the introduction of the regulation of the property market is considered to be the "ultimate weapon."Property tax reform involves not only improve the real estate tax, related to tax administration reform, also related to a change in the pattern of non-coordinated social resources, but also related to the real estate market as the pillar of development, it is " indeed affects a whole,"the major event.Regulatory effect on property taxes on the property market, the public has also been given high expectations. Therefore, property tax reform to the country on the occasion of the forthcoming study property tax has great practical significance of the impact of the housing market.Author of a study from both theoretical and empirical analysis point of view, first of all, through the study of literature at home and abroad for later analysis to identify the entry point; Secondly, the use of standard analysis methods and comparative research approach to domestic and foreign real estate tax introduced and comparative analysis of the effects of the countries affected property taxes on the real estate market; again, the mechanism through theoretical analysis to understand the impact of property taxes on the housing market as much as possible, lay the foundation for the empirical analysis of the text; Finally, Chongqing City example, empirical research on the effects of property tax pilot, and analyze the impact on property taxes in Chongqing price regulation of the housing market. The main contents of this paper includes the following sectionsProperty tax reform for the status quo and existing problems in the housing market, the author puts forward policy recommendations related to the first. Mainly in the following aspects:First, the property tax system to optimize the design elements, should broaden the tax base, the tax basis and determine a uniform set of scientific and reasonable rates; Second, improve the supporting facilities, as soon as possible to establish a mature market assessment system, a unified real estate tax is calculated based pave the way, while building a complete property registration system, improve collection efficiency and thus improve the accuracy and coverage of property taxes levied; Finally, strengthening the construction of affordable housing, improving low-cost housing supply of public rental housing and affordable housing and other affordable housing, good supervision and implementation of specific policies, coordinated policies to create a low-end real estate taxes and security, in the end there is a market, there is containment of high-end real estate market structure, the structure of supply and demand to achieve a more balanced state, thus promoting the orderly and healthy development of the housing market.