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Property Tax in Urban China

Author

Listed:
  • Dan Li
  • Shunfeng Song

Abstract

This paper examines China's urban housing sector and proposes that property tax reform be undertaken. Specifically, China should significantly reduce taxes on transactions and introduce property taxes during the possession of houses. This will increase housing affordability as a result of lower transaction costs, reduce speculation because of the higher opportunity cost of holding vacant houses, stabilize the fiscal system by generating more sustainable tax revenue, and improve the efficiency and fairness of the property tax system according to the principles of “ability‐to‐pay” and “user pays”.

Suggested Citation

  • Dan Li & Shunfeng Song, 2008. "Property Tax in Urban China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(4), pages 48-63, July.
    • Handle: RePEc:bla:chinae:v:16:y:2008:i:4:p:48-63
    DOI: 10.1111/j.1749-124X.2008.00121.x
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    References listed on IDEAS

    as
    1. Plummer, Elizabeth, 2003. "Evidence on the Incidence of Residential Property Taxes Across Households," National Tax Journal, National Tax Association;National Tax Journal, vol. 56(4), pages 739-753, December.
    2. Shunfeng Song & George S.‐F. Chu & Rongqing Cao, 1999. "Real Estate Tax In Urban China," Contemporary Economic Policy, Western Economic Association International, vol. 17(4), pages 540-551, October.
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    Cited by:

    1. Zheng Jian & Daniel Jeongdae, 2017. "Prospects for progressive tax reform in Asia and the Pacific," MPDD Working Paper Series WP/17/08, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    2. Li, Shiyu & Lin, Shuanglin, 2023. "Housing property tax, economic growth, and intergenerational welfare: The case of China," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 233-251.

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