Establishing The Appraisal System For Real Estate Taxation

The property tax is specific to real estate including land and housing, which the owners or tenants should pay tax annually and the tax allowances will increase according to the market value of the properties. At present, the domestic real estate value appraisal system is not perfect in China, it is not appropriate to evaluate the property tax base relying on the current real estate value appraisal system entirely. Therefore, a set of relative independent appraisal system and the updating programme of the tax base should be developed in accordance with the wide range of area, large quantity and various types of properties, and periodicity features. These are the key problems need to be solved before the tax collection.This dissertation expatiated the current real estate tax system in China, summed up the real estate tax burden in various stages, and then explored the current real estate tax problems, including complicated set of taxes and fees, narrow range of the tax base, overlap taxation, low-level legislation and so on. On this basis, we analyzed the necessity and feasibility property tax.The factors that affect the value of real estate can be summed up in three categories: general factors that reflect macroeconomic conditions and market supply and demand, region factors that decide the average value of different area, individual factors that reflects the micro characteristics of different properties. In order to do a good job of paving the way for quantify the factors, this papers in-depth analyzed the different function and extent of the various factors, followed by the form of factors were divided into point, line and surface-like factors and then set out their quantify Methods.This dissertation is based on empirical research. Take residential property for example, we first partition several regional tax section using quantitative models. Then set a standard property for each section and adopt the most appropriate method to evaluate their price as the section benchmark price. Finally establish a dynamic adjustment system between benchmark price and the value of other properties in each section respectively. The objective is to frame a set of tax base appraisal system that satisfy the precision requirements of taxation, and at the same time the system keeps a low-cost level.