New Zealand property tax collection requirements

What is the property tax in New Zealand? Interest rate? A tax originated in Britain is a local tax levied according to a certain proportion of the total value of houses and land, which provides a stable cash flow for the public finances of local governments. The following is a brief introduction to New Zealand property tax:

1. Each city decides its own tax rate according to its annual budget, so different cities have different tax rates. For example, the property tax of 20 10 in Auckland, New Zealand's largest city, is about 0.4% of the total property value (including land and houses), while that of Christchurch, with a population of only one third of Auckland, is about 0.5%, while that of Nelson and Inver cargill, small cities with a population of only tens of thousands, is about 0.75% of the house value.

2. Houses in big cities are more expensive. Although the corresponding tax rate is low, the total tax payment in big cities is still relatively high. For example, the median house price in Auckland is S $430,000, and the property tax of the median house is S $65,438+0.720; The median house price in Christchurch is S $300,000, and the property tax on the median house price is about S $65,438+5,000. The median price of Inver cargill house is only S $654.38+7,000, and the property tax of the median house is S $654.38+S $0.275. The tax rate here refers to the average level of the city. In fact, the tax payment of many houses is lower than the average tax rate, while the tax payment of commercial houses is higher than the average tax rate. The median price of a house means that 50% of the houses are below this price.

In addition, 50% of the houses are higher than this price, which can better reflect the actual situation than the average house price, and will not make people feel that a few high-priced luxury houses will raise the statistics? Be valued? Because luxury homes are often tens of millions of Singapore dollars, the average house price is usually much higher than the medium house price. (Note: S $65,438 +0 is currently approximately equal to 5 yuan RMB).

3. New Zealand evaluates the value of houses every three years, and the evaluated value is used as the basis for collecting property tax. Housing evaluation is conducted by a professional company selected by the local government. They generally don't make field visits, but multiply them by a coefficient according to different room types, building years, living areas and market conditions in the past three years. In order to ensure fairness and reasonableness, the appraisal company will send the new appraisal value to the owner three months in advance, and the owner can raise an objection within three months and submit evidence to ask for raising or lowering the appraisal value. Because the evaluation value of each house can be found on the website of the local government, it is easy for owners to compare the houses in their neighbors or similar communities and judge whether the value of their houses is reasonable.

4. For newly-built houses, the local government will require detailed architectural drawings, costs, names of construction companies, etc. , plus the value of the land, the total value of a house is obtained, and the local government approves the property tax accordingly. When the house is rebuilt, the owner will be required to submit the corresponding materials, and the local government will adjust the value of the house accordingly. Owners generally don't understate the value because they can pay less property tax, because the house valuation that anyone can find on the local government website is one of the most important reference bases for selling houses in the future.

5. The same city has different tax rates in different years. The increase in the overall value of the house does not mean that the property tax to be paid will also increase. The local government will allocate each house according to the value of the house according to the total budget for the next year. If the local government does not have large projects in the coming year, such as large parks and stadiums, the overall value-added housing will reduce the tax rate. The amount of tax to be paid is only related to the local government's budget for the coming year and the total value of all houses in the city. If your house only rises with the general trend, the amount of property tax to be paid will not change much.

6. New Zealand does not consider whether it is a self-occupied house or a second or third suite, and the tax rate is the same. The tax rate is only related to the value of the house and the small area where it is located (because the services provided by local governments are different, see article 10 for the explanation). Commercial housing, factories, farms and houses are subject to property tax at slightly different rates.

7. The owner is a legal taxpayer, and the rent of the rented house generally includes the property tax, so the tenant does not need to pay extra. Commercial housing needs to pay property tax in addition to rent, but it is also paid to the owner first, and then the owner pays taxes. The local government provides a one-time payment at the beginning of the year (about 1.5% discount) or monthly or quarterly deduction. If the property tax owed reaches a certain amount, the local government has the right to auction the property.

8. Property tax has a good income adjustment function. Rich people generally live in more expensive areas and houses, so they will pay more taxes. In addition, the local government also provides low-income and elderly owners with partial exemption from property tax, which can be as high as S $550 per year, which is close to 50% of the annual property tax of ordinary houses.

9. Let's talk about the whereabouts of the property tax explained by Christchurch with a population of more than 300,000 when making the property tax budget.

In 20 10, the city needs S $256 million, and the municipal government will allocate it to more than 654.38+10,000 properties in the city according to the property value.

The budget arrangement is:

Waste reduction accounts for 4.8% (the municipal government collects the garbage in front of each house once a week for free);

Rule management 2%; Community service14.4%; Street and traffic13%; Library services11.7%; Park and outdoor space10.4%;

Discharge of wastewater collection and treatment is 9.3%; Art, museums and? Our city? Project 6.3%; Urban development 6.2%;

Water supply 6. 1 (Christchurch does not charge water, but provides it free of charge); Drainage and sewer 5.4%; Democracy and government 5.4%; 5% economic development.

It should be noted that the funds for police and public security, intercity roads and various schools are paid by the state tax. National tax is mainly composed of income tax, value-added tax and corporate tax.