Mass Appraisal Of Real Estate Tax Basic Based On Hedonic Price Model

Since 2010,China has gradually promoted the reform and pilot work of real estate tax.At present,it is generally accepted that the real estate assessment price is the basis for taxation.The real estate tax base assessment has become a key link in tax collection and payment.The Hedonic Price Model is also a typical application model in real estate batch valuation.Therefore,this thesis focuses on the theme of real estate tax base assessment,studies the relevant systems and technologies of tax base assessment at home and abroad,and how to use the Hedonic Price Model to establish a complete real estate tax base assessment and apply it to the housing market in Haizhu District,Guangzhou.This thesis starts with the concept and basic theory of real estate tax and tax base assessment,discusses the issue of real estate tax assessment from the perspective of tax and asset assessment,and leads to the issue of selection and quantification of tax basis in real estate tax collection.Secondly,it discusses the domestic and foreign tax base assessment system,points out the current difference in the development of real estate tax between the mainland and Hong Kong,and the deficiencies in the implementation of tax base assessment,and introduces the foreign tax base assessment system,summarizes its main characteristics and lessons learned.Next,the Hedonic Price Model used in this study is described,including Hedonic Price Theory,selection of characteristic variables and model function form,and adjusted and improved.Finally,based on the case of second-hand housing transaction in Haizhu District,Guangzhou,the empirical test is carried out.The first step is to use Eviews10 software to establish a market price correction model to adjust the listing price and the actual market price of the real estate;The second step is to use the principal component analysis method in SPSS software to reduce the dimension of variables,extract 8 principal components and simplify variables;The third step is to use Eviews10 software to carry out regression analysis on variables,and establish the general linear regression model and semi-logarithmic regression model for evaluation.After testing and comparison,the semi-logarithmic function model is finally selected as the result of this empirical test,and the variable relationship formula applicable to Haizhu District of Guangzhou City is obtained.According to the results of the model,it is observed that 14 characteristic variables of the three principal components are thefactors that play a major role in the formation of real estate prices.Based on the above research,the Hedonic Price Model can be considered as an effective real estate batch evaluation model,and the effect of the semi-logarithmic function model is better than the general linear regression model.There are still certain obstacles to the introduction and evaluation of future real estate taxes,and it is necessary to consider supporting conditions such as system,technology,and talent,and gradually improve the tax system by taking into account various factors.