Analysis Of The Impact Of Real Estate Tax On Housing Price

The real estate industry is an important pillar industry in the economic construction of our country.With the gradual improvement of our economy,the per capita disposable income is accumulated rapidly,and a large number of personal disposable income has been moved to real estate.In order to reduce the hot speculation in the real estate market,China has repeatedly adopted monetary policy and fiscal policy to regulate and guide the orderly development of the real estate market The implementation,establishment and reform of the real estate tax will inevitably move the whole body.As an important tool to alleviate the local financial pressure,stabilize the house price and adjust the gap between the rich and the poor,the establishment and reform of real estate tax must be extremely cautious.Our country is on the fast road of urbanization construction,whether the current real estate tax can meet the requirements,and whether the real estate tax can play a role in housing prices and whether it can play a role in regulating housing prices,we need to demonstrate it.This paper firstly analyzes the direction and the kinetic energy of the real estate tax reform based on the problems revealed in the real estate taxation in China,and combs the fluctuation of house price in our country.Secondly,using the theoretical model of supply-demand relationship to analysis the relationship between taxation and house prices in the real estate development stage,and using the theoretical model of asset price to analysis the effects of real estate transactions or holding taxes on house prices.Then build a time series model of real estate tax and housing prices.The study shows that the effectiveness of real estate tax on house prices is influenced by the time factor and has a dynamic difference,that is,the effectiveness of short-term effects is greater than that of long-term effects,but the real estate tax to the house price positive influence,has not been interfered by the time factor.The change of real estate tax in any cycle is the Granger reason of house price;And the house price becomes the real estate tax Granger reason,only applies in the short term.Thirdly,select 1999-2015 panel data,and use model to analyze the effect of real estate tax on housing price.(1)The real estate tax is negatively correlated with housing price showing the capitalization effect of taxation,but the change is small.(2)The impact of real estate taxation on individual items is different,and the effect of real estate tax on house prices is negatively correlated.The effect of land value-added tax,deed tax,cultivated land occupation tax,and urban land use tax on house price is positively correlated;(3)The effect of real estate tax on house prices shows different effects in different regions.The effect of real estate tax in North China,East China,Central South and Northwest China is negative correlation,the effect of real estate tax in Northeast China is not significant,and the effect of real estate tax in Southwest area is positive correlation.