Research On The Assessment Of Property Tax Base

Since January28,2011, the Chinese government has implemented a pilot programme of the collection of the property tax in Shanghai and Chongqing. The government also has planned to introduce the property taxation nationwide at an appropriate time. Collecting property tax based on the market value of real estate plays a significant role in ensuring a stable resource of local taxation and increase local revenue. In order to better facilitate the property taxation, relevant government agencies are required to make collective efforts to establish a property tax base assessment system. Although the programme has made progress in Shanghai and Chongqing, it has not met the expectation of regulation of house prices, organization of fiscal revenue and so forth. Especially, there are still many problems in the process of property assessment. As the result of property assessment plays a key role in tax collection, it is important to solve the current problems and thus develop the property tax base assessment system.Currently, most research in the area of property focus on the macro-level. Many scholars have provided valuable opinions about house price regulation and housing security. However, there is little literature about the property tax assessment. The property tax base assessment is the key component of the property tax system and act as an important tool for government to regulate the real estate market. Therefore, it is necessary to analyze various problems face by the property taxation system. This essay will involve a literature review of foreign experience about property tax assessment; it will analyze the current situation of China’s property tax assessment system through comparison analysis, normative analysis and positive study; it will examine problems such as incomplete legislation, unclear evaluate subjects, inappropriate use of assessment methods, based on the cases of Shanghai and Chongqing. The enhancement of the techniques in tax base assessment lies in three aspects of improvement:firstly, acquiring advanced foreign experience via international cooperation; secondly, encouraging the use of computer modeling and mass appraisal methods to improve the efficiency of assessment; finally, improving the regulatory environment of property taxation by strengthening the legal protection and developing effective executive institutions...