Research Of The Influence Of Real Estate Tax On House Price

Since the commercialization of housing,China's real estate market has achieved a booming development,the real estate industry once "soaring forward",become an important pillar of the economy and society.In recent years,China's economy has been developing steadily and healthily,driving up income.Out of the need to live and invest,a large amount of money poured into the real estate market,resulting in rising house prices.In order to curb the speculation in the real estate market,China has adopted various means,including monetary and fiscal policy tools,to regulate the real estate market transactions and guide their orderly development.Real estate tax,as an important means to stabilize the housing price,involves all aspects of the economy and society.Therefore,its setting and reform must be very cautious.China is in an important stage of economic development,the current real estate tax on the size and direction of the impact of housing prices,need to make a scientific answer.The real estate tax system of the organization for economic cooperation and development(OECD)is relatively mature,and there is a long period of data for empirical research.Therefore,this paper takes some countries of OECD as the research object to explore the impact of real estate tax on house price.It is hoped that this will provide valuable experience for the improvement of China's tax system and the regulation of real estate tax.This article consists of six chapters.The first chapter is the introduction,which introduces the research background,related concepts,research methods,innovation points and shortcomings of this paper.The second chapter is a literature review,combing the relevant domestic and foreign literature on the impact of real estate tax on housing prices,and summarizing other factors affecting housing prices.The third chapter is the theoretical analysis,discusses the impact of real estate tax on the housing price mechanism,distinguish between the link and transfer link to explain.The fourth chapter is the typical facts about the impact of real estate tax on housing price in OECD countries.Based on the summary of the real estate tax system in OECD countries,the author introduces the changing trend of real estate tax and housing price in the past 30 years.Chapter 5 is the empirical part of this paper.Data from 16 OECD member countries with sufficient data from 1989 to 2017 are selected,and the fixed effect model is used for quantitative research.The results show that the real estate tax in the circulation link will push up the housing price,while the real estate tax in the retention link has a good regulating effect on the housing price.Based on the results of the empirical study and China's specific national conditions,the sixth chapter tries to put forward the following three Suggestions:first,adjust the real estate tax burden in the circulation link,expand the real estate tax in the retention link,and promote the formation of a real estate tax pattern of "emphasizing the retention and lightening the circulation";Second,build a scientific real estate evaluation system,improve relevant laws and regulations,and actively encourage the establishment and development of domestic third-party real estate evaluation agencies;Third,we will promote legislation on real estate tax and improve relevant supporting systems,establish and improve property information registration,and raise the efficiency and level of tax collection and management.In this article,there are some innovations in terms of research perspectives and research objects.In terms of research perspectives,the real estate tax is divided into two parts:retention and circulation.The research object has also shifted to OECD countries with rich experience in real estate tax collection,which is somewhat different from before.However,this paper also has some shortcomings.Restricted by the availability of data from OECD countries,only 16 of them were selected in the end,with a relatively limited number of samples.With the further disclosure of national statistical information and the deepening of research,this problem will be solved.