Research On The Influence Of Real Estate Tax Reform On House Prices And Tax Transference

Property tax reform has become a topic of concern to the government and people in recent years,the current real estate tax is mainly concentrated in the real estate development and transfer of links,while possession of the tax less.The direction of the real estate tax reform is mainly to increase the tax burden on holding links so as to curb the excessive rise in house prices,regulate the distribution of social incomes,and optimize the local taxation structure under the tax sharing system so as to enhance local revenue.This article focuses on the holding part of the property tax reform,through the empirical study of Shanghai and Chongqing cities to explore the impact of real estate tax(holding)on the price of the actual situation and the reasons for the analysis.Through the construction of theoretical models(partial equilibrium analysis and general equilibrium analysis),the issue of tax transfer of property tax(holding part)is discussed,including the transfer to ordinary home buyers and housing lessees.The research shows that property tax has a short-term adjustment effect on the housing market in Shanghai,especially in the villa market,but the impact time is less than one year due to the impact of real estate tax on housing prices.The impact on real estate market prices in Chongqing is relatively Small,the impact on the villa market is not significant.In the property tax on the average home buyers tax on the transfer,the degree of pass on the supply and demand depends on the flexibility of the curve,the greater the market supply flexibility,real estate taxable taxpayers through the second-hand housing market will be more tax to pass the general purchase By.In addition,if the housing market in the region is dominated by rigid demand,the demand elasticity is relatively small;if demand for investment and speculative demand is dominant,the demand elasticity will be greater.In the property tax on the transfer of renters,the degree of tax burden and leasing market elasticity of supply and demand.The greater the supply elasticity of the lessor,the lesser the flexibility of the tenants,the lessors can transfer the majority to the lessee.Under the current realities in China,homeowners in big cities like Shanghai and Hangzhou can "flee" taxes and they can pass on property taxes to renters,further affecting income distribution.