The Reform Of American Real Estate Tax And Its Reference

In recent years, the rapid development of China’s real estate industry leads to the fact that real estate tax law system can not adapt to the speed of its development and the legal system reform of property tax is imminent. The study of the experience of the tax system reform in advanced countries has a certain significance on the direction and development path of China’s future property tax reform. There are many problems in the Property Tax Laws in the United States a, such as heavy tax burden, the over-reliance from the government, not fully adjust the gap between the poor and the rich, the high cost of its collection and other issues. To solve these problems, the United States conducted a comprehensive reform, including declining tax and the proportion in property tax revenue; the establishment of ad valorem assessment system based on the integrated use of high-tech means to make the assessment tend accurate and efficient; the application of different tax rates in different types of real estate on the base of the proportion of tax on a single account set up to implement to enhance the role of adjusting the gap between the rich and poor; and constantly enrich and improve the system of tax incentives; further simplify the procedures of real estate taxes, strengthening tax officials team building, thereby reducing the cost of collection and management. A series of reforms in US real estate tax has an important inspiration and reference for the construction of China’s legal system in the property tax system. In terms of taxation objects we can further expand the scope of taxation in the property tax, considering a resident individual housing property tax levy included in the range; in terms of the tax basis we can change to the appraised value from the current property at cost to establish a complete assessment mechanism; In the tax incentives, we can make preferential policies for individual residential housing to protect the rights of low-income people in live; in terms of tax collection, we can further strengthening the implementation of laws and regulations as well as the efforts to enforce violations.Reform of the existing property tax system is not able to be completed overnight and the reform influences the whole development and changes in the interests between the personal residents, the local government and the whole community. Therefore, for the advanced experience of foreign countries on the basis of the analysis, we can consider the implement and how the implementation of the problem, combined with whether our economic system and social environment of specific research and development can be rather than blindly copy the experience. Only continuing the path and to explore methods of property tax reform, we can further promote the optimization and improvement of the property tax system and play its due role for the socialist construction in China construction.