Empirical Study Of Tax Base Real Estate Massive Valuation

The continuous stable and healthy development of real estate industry plays a crucial supporting role in the development of domestic economy.The existence of a rational tax system is the premise of the constant development of the real estate industry,however,a number of structural problems still affect modern Chinese real estate industry,in which the most vital one is the absence of the main tax during the retain phase.Property tax,which has already proven by a significant amount of research,can adjust as well as control the real estate industry efficiently.After The Third Plenary Session of the 16th CPC Central Committee expressed the intention of levy the real estate tax,the authority has been implementing trial runs in specific areas in mainland China.But through the result of the trial run in ShanHai and ChongQing,problem still remains and cannot leave ignored,the most important one among which would be the conformation of the tax base of the real estate tax.I think the most suitable tax base is the value that is determined by appraisal.Using appraisal value,instead of transaction price or historical price like that in the trail run,can protect the fairness of the revenue,meanwhile increase the fiscal revenue.Due to this circumstance,implement the appraisal of the real estate tax base shows a significant meaning.Foreign research has a fair complete theory system of the tax base appraisal,meanwhile domestic scholars have introduced a significant amount of foreign theories,and have been working on more efficient ones that combine with domestic situation,which remarkably supports the construction of domestic theory system.However,China has an extremely complex situation among regions.And this has undoubtedly increased the importance of the empirical research in China,results that acquired from empirical research can in some ways determine the actual implement of the taxation.So,empirical research for different region in China is well worth doing.After studied a great number of related essays,this thesis focus on empirical studies,using Hedonic model to implement a feasibility research of tax base appraisal.Initially,taken previous studies into consideration,this thesis determined a seriers of price influencing factors.Due to the area that I studies includes a great deal of high quality education resources,which leads that educational quality factor a vital influence for resident price.So I took school district housing into consideration,which is a groundbreaking tempt,to provide more convincing explanation of how education affects the housing price.Than,quantization the factors that has been previously chosen,in this process,I used AHP to measure the weight of each factor.After this,using Hedonic model to conduct an MLR analysis,and did a serious of tests to enhance the explanation.Ultimately,I explained the economic implications of the model thoroughly,following with the innovations of this thesis,along with the deficiencies that exists,hoping this studies can provide some constructive idea for further research.