| Since our China have carried out real estate marketization, the real estate market grows highly intensified.House prices continue to rise which does not adapt with the economy has caused some sectors of society pay attention to it, on the one hand, this makes the ratio of house prices and income so high that people who have rigid demand to the house even hard; on the other side, this may cause real estate bubble and lead to financial crisis. Therefore, how to restrain rapidly rising house prices effectively has become the urgently problem that our government be faced with. For this,the government has launched a series of policies to achieve the purpose of reducing development costs and house prices, but the effects of policies not obviously. On January28,2011, Shanghai and Chongqing begin to collect the property tax, this policy also become the central point of the society.The research of positive influence on the property tax to the real estate industry will be conducive to the development of the real estate industry and the reform of tax system in China, as well as consummate the property tax rules and collect measures which can achieve the goal of adjust the housing supply structure and curb rising prices. On the theoretical side, at first this paper simply introduces the theory basis for the property tax collection to the housing prices; then reviews our country’s real estate tax policy and points out the necessity of property tax in China; again elaborates the tax policy of the United States, Japan, South Korea briefly, and summarizes some experience enlightenment for the improvement of the real estate tax policy in China; finally contrast the house prices of Beijing and Shanghai, Chengdu and Chongqing that before and after collected respectively,meanwhile, compares the collect rules of Shanghai and Chongqing,pointes out the emphases and the advantages and disadvantages of the two, also through the data evaluates the effect of house tax collection of two cities, these aspects including residential development situation, house supply-demand and transaction situation,house price level and resident purchase the house opportunity confidence index, real estate prosperity index,and at last, gives a diagram of the property tax and the housing price. On the empirical aspects, this article selects Shanghai and Chongqing which collect the property tax, and the time is begin February2011to June2012, has two variables:property tax revenues and the house prices, and empirically test using eviews software. The test mainly including tests stablation, use the LLC unit root test; establish the VAR model to weaken its own relevance, and determine the lag periods; use Pedroni cointegration test analysis whether there is a cointegration relationship between the two variables; use the VEC model obtain the correlation coefficient; finally through the Granger causality test gain whether there is a one-way causal relationship between variables. At the end of the article put forward some feasible suggestions.This paper holds that the levy of property tax has certain effect on the real estate prices, especially in the short term, and the empirical results also show that the property tax and the housing price in Chongqing has a unidirectional causal relationship, namely the property tax has the impact on housing prices. This article also thinks that the property tax collection should optimize gradually on the basis of summury experiences, and continue expand scope to benefit all people. |
