Popular science, what is property tax?

The so-called property tax, also known as property tax or real estate tax, is mainly aimed at real estate such as land and houses, requiring its lessee or owner to pay a certain amount of tax every year, and the tax payable will increase with the increase of the market value of real estate. For example, after the opening of highways and subways, the real estate prices along the line will increase, and correspondingly, the property tax will also increase.

Theoretically speaking, property tax is a kind of property tax, and it is a tax levied on citizens' property. Therefore, first of all, the government must respect state property and provide protection for it; Then as a counterpart, citizens must pay certain taxes to ensure the corresponding government expenditure. Property tax is the government's compensation for public goods provided by the government, which is levied by the government on the owners who use or occupy real estate with the coercive power of political power.

At present, most mature market economy countries in the world levy property tax on real estate, taking the possession of property as the premise of tax payment and the value of property as the tax basis. According to international practice, property tax is mostly local tax, which is a stable and important source of national finance.

The names of real estate retention tax vary from country to country, and some of them are called "real estate tax", such as Austria, Poland and Netherlands Antilles. Some are called "property taxes", such as Germany, America and Chile. Some are called "local taxes" or "rates", such as New Zealand, Britain and Malaysia. China and Hongkong are directly called "property tax".

The basic framework of real estate tax reform is to combine the current property tax, urban real estate tax, land value-added tax, land transfer fee and other taxes into a unified property tax at the stage of real estate ownership, and keep the overall scale of property tax basically unchanged. In this way, once the property tax is levied, it will have a great impact on the economic behavior of local governments, consumers and speculators.

(The above answers were published on 2014-07-11. Please refer to the actual situation for the current relevant procurement policies. )

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