Effict Studt On The Impacts Of Real Estate Taxes Policy On Urban Housing Price

The practice has proved in many countries that real estate tax played an important role on the macro-control of the real estate development; China’s government has also come to realize its importance and take it as an important way to regulate the real estate industry. At this stage China’s overheated real estate investment and house price is too high which causes excessive pressure on buyers, and the Government adopted a series of policies on the real estate market macro-control. New real estate tax policies were also introduced so real estate tax reform and real estate prices have become research hotspot for theoretical and academic. However, what is the mechanism of real estate taxes affecting housing Price? What is the role of tax policy on the price effects? How the real estate tax policy affect house price on all stages of real estate market. We will analysis of the above problems from the perspective of qualitative and quantitative in this article, and put forward my own proposals on China’s real estate tax reform.This thesis is divided into six main chapters. The first chapter is introduction, presents the key issues of research and expounds research background and significance, and it also overviews research situation home and abroad. The second chapter put forward the related concepts of real estate taxes and real estate prices and expounded the basic theory. The third chapter analyses action mechanism of tax policy to real estate price. The forth chapter takes Nanjing as example and empirical studies the impact of real estate taxation policy to the house price. The fifth chapter put forward the research findings and policy recommendations.Reached the following major conclusions through qualitative and quantitative research:(1)Mechanism of real estate taxes on house price:by changing the subject’s expected and behavior that bear the tax burden real estate taxes make effect on the house price. According to The overall objective of socio-economic development, Government Adjustment the real estate tax police to change the Real estate tax structure,this change will Impact on the expected and behavior of the subject of interest. Thereby affecting the real estate market supply and demand structure, and ultimately affects the price.(2) House supply is rich in elasticity and house demand is lack in elasticity in Nanjing. This shows that there is greater rigid demand. Intensify efforts to real estate tax, the actual tax burden borne by residents or buyers, which pushing prices higher.(3) In recent years, China’s real estate tax policy does not achieve the desired policy objectives. This article use dummy variables econometric model to analyze the typical tax policy, the results show that: land value-added tax Clearing police promote the house prices;Comparative analyze the house price before and after the Second-hand housing policy, reach conclusion that in short-term Second-hand housing policy will low the house price, but is difficult to curb housing prices in Long-term.(4) Levying property tax in real estate retention stage may Increase in the cost to maintain, which can reducing demand and increasing supply to affect the house prices.In the theoretical and empirical research basis, combined with the basic principles of real estate taxes, give corresponding recommendations for change for real estate development, transfer, retention stages.