Research On The Impact Of Property Tax On Commercial Residential Prices

In recent years, with the steady and rapid development of national economy,there is a sharp rise in house prices. the people’s livelihood issues caused by the rapidrising price of real estate have become the focus of the society from all walks of life.people cry for new reform of property tax. In the early of2011,Chongqing andShanghai, respectively issued “interim measures of property tax pilot “,does the newround of real estate tax curb real estate speculation and hinder the rising propertyprices? this question is worthy to be discussed.Based on the above background, this article divided35cities into three regionsaccording to different stages of economic development. This paper made overallcomparison and longitudinal comparative analysis of the35cities through collecting10years data of commercial residential market.it summarizes the features ofcommercial residential market, which include high investment scale, high proportionof speculation purchases, rapid growth speed of house price, unreasonable housingprice to income ratio.Based on the mechanism of Property tax’s influence on house prices andcombined with the actual situation of chongqiong and shanghai’s policies,the paperrespectively study the Property tax policies’ influence on the demand and supply ofhousing market,and except to know the Property tax policies’ influence oncommercial residential prices.As a whole,in the short term,the Property tax policiescan contribute to low the commercial residential prices,for a long time,other housingmarket measures will blur the impact of property tax. thanks to the low tax rate andnarrow tax base.It is difficult to effectively improve the imbalance condition of thesupply and demand in the real estate market.finally,the paper put forward somesuggestions on expanding the Property tax pilots.Finally,according to the problems of property tax policies and the features of35cities’commercial residential market,which are described by this paper,this papercomes up with some suggestions to make house prices return to reasonable price rangeand improve the relationship of supply and demand in real estate market.suchas:completing the social security housing system by building lots of low-rent housesand guarantee houses, setting reasonable tax basis and flexible tax rate, improvingproperty right registration system, unifying tax basis and reducing the collection and administration cost,replacing the collection objects from stock housing to incrementalhousing.giving strict supervision on personal mortgage.