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Title: |
The Basis and Method on House Property Tax Levy |
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Source: |
International Conference on Engineering and Business Management 2012(Part 4 Urban Management and Financial Investment)
(pp 2505-2508)
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Author(s): |
Tiao Xiao, School of Economics and Management, Hubei University of Automotive Technology, Shiyan, China |
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Abstract: |
House property tax collection of purpose is to balance the social wealth gap, safeguard social fairness. The range of house property tax levy should be all the real estate in China and the taxation basis is the property value, not the land value including house prices. According to the separation between China's land ownership and real estate’s ownership, the formula for calculating the property value, land value and house value and the basic principles of property tax levy are put forward.
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