Empirical Analysis On The Impacts Of Real Estate Taxes Policy On Housing Price

In our country, the housing price ill has become a social issue because it has caused serious effects to people's live hood and economic development. To this end, the government has issued credit policy, land policy and other macroeconomic policies, but the actual effect is not ideal. Tax policy as a new round of housing price regulation policy tool attracts much attention, how to regulate the housing price and what is the impact of “the latest personal income tax policy” on the housing price had became a hot academic research.Firstly, the paper reviews the related theories and research results; clarify the internal logic relationship between the real estate tax and housing price. Then do some theoretical research based on the tax shifting theory and asset price theory. In tax-shifting research, the paper proposes the basic transmission mechanism-how the real estate tax regulates the housing price: it eventually affects the housing price by influencing the housing market supply and demand, and then detailed analyses the impact of the different aspects of the real estate tax on the housing price in this mechanism. Build the basic theoretical model and extensional theory model under the asset price theory; the difference between these two models is whether take into account the local public spending.Secondly, analyse the case of Jiangsu province empirically in two aspects. On the one hand, the Engle-Granger method has employed to study the impact of the different real estate tax on housing price; on the other hand, dummy variable regression analysis has used to research the “the latest personal income tax policy” regulatory effect on the housing price. The results show that the real estate taxes have restrained housing price in all; “The latest personal income tax policy” has a positive impact on housing price means the new policy regulation about restraining housing price is not good enough as imagined.Finally, based on the above analysis, the corresponding policy recommendations from the perspective of the Public Administration have put forward. That is, under "the principle of efficiency," "the principle of fair and reasonable", "balanced principle" to build comprehensive, complete and efficient policy options around the central idea: "Improve the real estate tax policy system, Increase the efficiency of policy regulation; Construct the supporting policies and measures, strengthen policy control effect."...