Effects Of Property Taxes Based On The Price Regulation Perspective

Face of high prices, the central government introduced a series of policies after 2010, and increased efforts to control the real estate market, but the country still presents new commercial housing prices "overall broad based" posture. Property tax reform as rescue medicine brought to public view, highly respected. In 2011 the State Council approved Chongqing, Shanghai as the first pilot city property tax reform, the public on property tax can curb high expectations. However, property taxes on the inhibition effect of high prices, the debate continued. Only carry out research on the influence of the real estate tax rates, the estate tax on the price impact of revealing the size and direction of action, in order to properly evaluate the effect of property taxes. Therefore, to study the impact of property tax rates, the estate tax Hr the evaluation of the effect of the national economic structure adjustment and optimization of the real estate industry, protect the livelihood have important practical significance.Based on previous studies, drawing on the results of previous studies, qualitative analysis of the real estate tax impact on house prices, and Chongqing as an example, to build a only "real estate business, consumers, government" three market sectors of the economy equilibrium model, quantitative analysis of the impact of property taxes on the price and size of the direction of action. This study found that:(1) Chongqing property tax reform, a reasonable definition of a just, improving demand and speculative investment demand, to some extent, to combat the speculative demand for real estate investment, but you can not change the status of the housing market in Chongqing in short supply. Therefore, the Chongqing Municipal property tax rates can not be achieved effectively inhibit the effect.(2) Property tax can pass "curb speculative investment demand, supply structure adjustment and optimization of the housing market, lower housing vacancy rate," prompted by the real estate market changes to supply and demand balance, which played to ease the contradiction between supply and demand in the housing market, causing prices decline. Property tax on land finance with the substitution effect, but the property taxes are too severe, may lead to government land will decline and enthusiastic developers get lower, a direct result of inadequate supply of residential land, causing the market to reduce the housing supply, exacerbated by supply and demand, forcing housing prices.(3) This article can be seen from the model, the real estate tax has a significant positive impact on prices, and this effect has obvious lag. See the influence from the unit, property taxes (coefficient of 16.43) with the largest impact on housing prices. From the overall impact perspective, housing construction costs (1.23) and the land premium (0.91) development costs constitute the greatest overall impact on prices, indicating that high prices are the main factor in the cost of housing development rather than property taxes, real estate taxes, but to some extent the propelling prices rose slightly.(4) Control high prices can not rely on property taxes, but should fight speculative demand for real estate investment, real estate development to reduce costs, increase housing supply and other aspects; combating speculative demand by property taxes, a reasonable guide individual housing consumption, prompting the residential market achieve a balance between supply and demand; changing land finance, construction developers reduce costs and increase housing supply; increase protection of housing construction to meet the housing needs of low-income groups,Alleviate the housing supply and demand.