Comparison of property taxes in six countries

For many people who want to buy a house abroad, but don't know which country's property tax is cheaper, let's take a look at the property tax comparison of six countries with me today!

America 1

All 50 States in the United States levy property tax, and the tax rate is generally maintained between 0.8% and 3%, and the tax rate is mostly around 1.5%.

Hawaii has the lowest property tax, which is 0.32%, New Jersey has a property tax of 2.3 1%, and Texas is one of the states with higher property tax in the United States, but no personal income tax is levied.

The right to evaluate real estate is in the hands of the government, but it is relatively conservative, generally only set at 50%-75% of the market price.

Local governments in the United States have stipulated some tax reduction and exemption projects, mainly for self-occupied houses. In California, for example, taxpayers' main self-occupied houses can be exempted from the property tax of $7,000.

In addition, there is another way to reduce the property tax. When the property tax exceeds a certain value, taxpayers can get the corresponding state personal income tax credit or cash compensation from the state government.

ATTOM Data Solutions, the largest real estate data provider in the United States, released an analysis report on the property tax for 20 16 years. According to the statistics of more than 84 million single-family houses in the United States, the total property tax levied on single-family houses in 20 16 was * * 277.7 billion dollars, with an average of 3,296 dollars per household, and the effective tax rate was 1. 15%.

In 20 16, the ranking of real estate taxes of American States (top ten): 1, New Jersey; 2. Illinois; 3. Texas; 4. New Hampshire; 5. Vermont; 6. Connecticut; 7. Pennsylvania; 8. New York State; 9. Ohio; Rhode island 10.

Penalty interest and penalty interest measures are taken for those who fail to pay taxes within the time limit. The longer the arrears, the higher the fine.

When the tax arrears and penalty interest fines reach a certain level, the local government can take measures such as lien and auction on the tax arrears property.

2. Germany

Land tax is a tax levied by local governments on land and ground buildings, and it is a tax on holding links. The basis of tax payment is to obtain the tax value of land according to the transaction price of similar land, in which the tax rate index of construction land is 3.5‰, and the tax rate of this tax is determined by multiplying the tax rate index by the tax rate multiplier ruled by towns, and the land tax rate multiplier of towns changes greatly.

For example:

The value of land tax is 10000 euros, and the Munich land tax rate multiplier is 400%, so the annual land tax is10000 * 3.5 ‰ * 400% =140 euros.

Land tax is levied on real estate by local governments in Germany, which stipulates that private houses can be exempted from land tax for 10 years.

In the real estate transaction, the real estate transaction tax with the assessed value of 1%- 1.5% shall be paid first, and the land purchase tax shall be paid in one lump sum. The land purchase tax is based on the transaction price of real estate, and the land purchase tax standards in each state range from 3.5% to 6.5%.

If the real estate gains profits through transactions, it will also pay 15% difference profit tax.

If three or more houses are sold within five years, 25% capital gains tax will be levied on the profit-making part; If the purchased property is used for rental, the capital gains tax of 25% shall be levied according to the rental income.

3. Japan

Property tax is called real estate retention tax in Japan, which includes two parts, namely fixed assets tax and urban planning tax.

The standard tax rate of fixed assets tax in Japan is 1.4%, and the upper limit of urban planning tax is 0.3%. In the specific implementation process, the actual tax rates in different regions are slightly different.

Land and houses are taxed on the basis of market value, which is called "appropriate current price" in Japan.

Generally, a basic assessment is conducted every three years. The year of evaluation is called the base year, and the price of that year is called the base year value. In the next two years, if there is no big change, it will generally not be revalued.

For example, if you buy a new villa, the land evaluation amount is 1 80,000 yen (1yen =0.0583 1 RMB), which is about 105 RMB, and the building evaluation amount is120,000 yen.

The calculation method is as follows:

The fixed assets tax is = land part+building part =1800×1/6×1.4%+1200×1.4 %×1/2 =/kloc-0.

Urban planning tax = land part+building part =1800×1/3× 0.3%+1200× 0.3% = 54,000 yen.

Annual retention tax = fixed assets tax+urban planning tax = 6.5438+0.8 million yen, which is about 6.5438+0.05 million yuan.

4. Singapore

Although houses in Singapore are divided into three categories: government apartments, private houses and apartments, all houses have to pay property tax, and the scope of collection is very wide.

If the annual value is less than S $6,000, the property tax shall be exempted;

If the annual value is between S $6,000 and S $24,000, only 4% tax will be levied on the higher part, and the first S $6,000 will be tax-free;

The annual value exceeds S $24,000, and the excess is subject to 6% property tax.

Remarks: the so-called annual value refers to the rent for renting a room (note that it is not the whole house) for one year, which is usually stipulated by the Singapore government.

For "rich houses" with an area exceeding 100 square meter, the Singapore government will levy high land transfer fees and property fees.

5. Canada

The main targets of real estate tax in Canada are land, above-ground buildings and permanent structures.

Real estate tax accounts for about 40% of the local government's fiscal revenue, and more than 80% of the property tax belongs to the total incremental real estate tax revenue.

Under the unified fiscal and taxation policy formulated by the Canadian government, provincial and local governments can independently levy real estate taxes.

However, there is no uniform real estate tax rate nationwide, because real estate tax is a local tax, and the tax rate is set by the provincial or local government according to the local financial situation.

At the beginning of each year, the financial management department of the local government should make a budget for the total fiscal expenditure of this year, and then subtract other income except real estate tax, and the difference is the total real estate tax payment of this year.

Then, according to the ratio of the total taxable amount to the total assessed value of taxable real estate within the jurisdiction, the real estate tax rate of the year is calculated.

6. Australia

Australian real estate is a permanent property right (except Canberra, 99-year property right), real estate is not subject to property tax, and only land tax is levied on land.

Due to the different tax rates in different States,

(1) New South Wales (Sydney): The land price is not taxed within 387,000 Australian dollars; 387,000-2.366 million Australian dollars will be charged at 1.6%, and the excess will be charged at 2%;

(2) Victoria (Melbourne): A cumulative tax system is implemented. As long as the land value exceeds A $250,000, it will be taxed at the cumulative tax rate;

(3) Brisben: land with a value of less than 600,000 Australian dollars is not taxed; The excess shall be taxed at the cumulative tax rate.

The New South Wales government recently announced that it will double the stamp duty of overseas buyers. The stamp duty rate for foreign buyers will be raised from 4% to 8%, while the annual land surcharge for foreign buyers will be raised from 0.75% to 2%.

The Australian federal government announced a "ghost tax" to crack down on overseas buyers. Overseas buyers must pay a vacancy tax of $5,000/year if they have been vacant or not rented for more than 6 months after purchasing the property.

Withholding income tax on real estate appreciation was officially implemented on July 20 16 1 day.

According to the regulations, buyers who purchase properties with a value of over 2 million Australian dollars must deduct 65,438+00% from the purchase price, pay the amount to ATO, the Australian Taxation Bureau, and then pay 90% of the remaining price to the seller. Unless the seller can provide the tax resident certificate issued by the tax bureau, the seller can refund the overpaid tax within the tax declaration period of the next year.

If the buyer fails to withhold 10% of the house price, the tax bureau will investigate the buyer's responsibility and impose a fine according to law.

From July this year 1, the withholding tax on foreign residents' capital was raised from the original 10% to 12.5%, and at the same time, the threshold of real estate value for sale was lowered from the original $2 million to $750,000.