How to calculate the tax on buying a house in America?

Apply to immigrate to the United States to buy a house? You need to pay property tax every year after buying American real estate. How is this American property tax defined? What's the use? Is there a difference between real estate tax and China real estate tax? Below, the Overseas Migration Network will explain in detail how to calculate the tax on buying a house in the United States.

American real estate

Popularization of basic knowledge of American property tax

The real estate tax in the United States consists of land (real estate) ownership tax and building (real estate) ownership tax built on this land.

The land in China belongs to the state. Therefore, China's "real estate tax" is a tax on "real estate ownership" and 70-year real estate use right.

Although we have to pay the property tax every year after buying American properties, in new york, some projects still enjoy the tax reduction and exemption policy of 42 1-a, and we can reduce the property tax of 10- 15. For example, a property with an estimated value of $65,438 +0.36 million can help you reduce the property tax by up to $240,000!

American real estate

The difference between American real estate tax and China real estate tax.

1. You don't have to pay any taxes to governments at all levels to buy a house in the United States.

If the asking price of a new house is $500,000 and it is $480,000 after bargaining, then the buyer only needs to pay $480,000 to the builder or seller, and does not need to pay any taxes to the government; There is no handling fee.

The buyer himself buys home insurance from home insurance Company; Purchase property insurance for houses from property insurance companies. Home insurance companies and property insurance companies are private enterprises and have nothing to do with the government.

If there is an intermediary, the builder will pay a certain intermediary fee (below 3%) to the intermediary. If it is a second-hand house, the seller pays a certain intermediary fee (3% or less) to the buyer's intermediary and the seller's intermediary. But intermediary is not a necessary condition for real estate sale. Buyers and sellers don't worry about legal issues, they trade directly, so the intermediary and intermediary fees don't exist. In short, buyers and sellers in the United States do not need to pay taxes or any other fees to the government.

In China, in addition to various handling fees, you have to pay taxes to governments at all levels.

2. American real estate tax is used for local regional infrastructure and education.

The real estate tax levied by local governments in the United States can only be used for education and construction in the areas where local governments are located.

There is no real estate tax in America. The United States imposes federal income tax on people with legitimate income (including enterprises and individuals). Some States in the United States levy income tax on individuals; Some States levy personal income tax and sales tax, but it includes the sale of real estate. Therefore, the real estate tax on American housing is neither a federal tax nor a state tax. The real estate tax levied by local governments in the United States can only be used for education and construction in the area where local governments are located, and the expenditure budget and tax budget are corresponding.

We can see that Americans are still very concerned about education and have invested a lot.

3. The amount of real estate tax in the United States is decided by the voters and the government elected by the voters through consultation.

Local governments in the United States are elected once a year. The tax amount or tax rate of real estate tax in the United States is announced to all residents by elected government officials after weighing the development and income of that year. After listening to opinions at several public hearings, the elected officials voted at the last public hearing.

China's "property tax and real estate use tax" are decided by government officials; These government officials are selected and appointed by government officials at the next higher level.

4. American real estate tax has a complete legal system and is protected by law.

In the United States, if a taxpayer thinks that his property tax in that year is unfair, he can have 3 -5 months, and the taxpayer or the taxpayer's representative can attend the hearing held by the local government and resolve it through consultation; If you are not satisfied, you can sue the local government in court.

Taxpayers fail to pay taxes on time, and the tax amount is increased by interest; To a certain extent, local governments can force taxpayers to move out of their houses with the assistance of courts and armed police; Auction the house in the market. This kind of thing rarely happens, but it does happen.

For example, local governments should use part of their taxes to solve the housing problems of some poor people according to the laws of the US federal government. For example, some low-income elderly people can get apartments for the elderly in the United States; Some single-parent families with many children can apply for a complete set of housing subsidies.

It can be said that the real estate tax law of the United States has a complete system of democracy and legal protection.

The archives of American real estate are public.

The public contents include the names of American real estate owners; The area and valuation of real estate and real estate; Tax rate and tax amount, etc.

For example, the property sold in Yao Ming 20 13 is located in Harris County, Houston. Go to the website of Harris County Real Estate, enter the address of the real estate, and you can see its detailed information including the five-year real estate price and the two-year tax rate and tax amount; The real estate from 20 1 1 to 20 13 is the name of Yao Ming; 20 14 changed hands. Some local government websites have published all the property records in history.

6. In the United States, the property tax rates vary from state to state.

It is generally 1%-3% of the real estate market price. For example, the market price of a house is 6.5438+0 million, and the annual tax revenue is 6.5438+0 million to 30,000 dollars. The market price of a house is not necessarily the purchase price of the house. The purchase price of real estate and the market price of real estate include the prices of houses, buildings and land.