The Reform And Reference Of The United States Real Estate Tax Law System

In recent years, China’s real estate develops rapidly. This situation leads to the matched thelegal system of property tax has been unable to meet its development speed. Reform of theproperty tax law system has been imminent. The United States real estate tax legal system existssome problems, such as, the heavy tax burden and excessive dependence on government. It alsodoes not give full play to adjust the gap between rich and poor and gets the high cost oncollection and management. Aiming at these problems, the United States conducted acomprehensive reform, including that it reduced the real estate tax and its proportion in thefinancial revenue; established the ad valorem based assessment system and used high-tech meansto make the evaluation accurate and efficient; considered different kinds of property use thedifferent tax rate under the proportional tax rate on single, in order to better regulate the gapbetween rich and poor; enriched the system of preferential tax policies constantly; simplified theprocedures for property tax and strengthened the construction of the tax staff to reduce the costof collection management. A series of reform of The United States property tax law system hasbrought the enlightenment and reference to the construction of real estate tax system in China.First, the object of Taxation in our country can further expand the range of property tax,considering the individual residents of housing into the scope of property tax. Second, in the taxbasis we can change real estate original value into assessment value, and establish a complete setof evaluation mechanism. Third, make the preferential tax policies about residents of individualhousing and support low-income housing rights in terms of preferential tax. Fourth, in the taxcollection and management, we can strengthen the implementation of laws and regulations andenforcement on illegal acts.