Can real estate tax really focus on "home ownership" and solve the current situation of real estate?

The gap between the rich and the poor is rising in the evolution, and real estate plays a key role. In this context, even if real estate is defined as an important source of local tax revenue, we must face up to the increasingly serious gap between the rich and the poor and the chaotic scene of "some people have no room to live, and no one lives".

What is property tax?

At present, the scheme of collecting property tax by area is basically adopted. After this basic idea is determined, the details of the specific implementation level will be easier to solve. For example, the average person owns a 40-square-meter house, and your family has 100 square meters for two people. You have to pay property tax for the extra area! The same is true for one person with multiple rooms! The more you own, the more property tax you pay accordingly!

Operation Mechanism of Property Tax in China

The purpose of national policy is not only to provide a stable source of income for local governments, but also to alleviate unfair income distribution, effectively adjust resource allocation and share the real estate premium.

So can property tax curb the rising trend of housing prices?

Let's look at the experience of developed countries. The real estate tax in the United States is mainly to increase the fiscal revenue of local governments, while the real estate tax in Germany is mainly to adjust the income distribution. After the real estate tax was levied in these countries, the real estate price did not drop significantly. Judging from the pilot situation in Shanghai and Chongqing, overturn this proposition!

Solving people's grievances is the first priority.

At present, the fact is that with the rapid advancement of urbanization, people's grievances are not only manifested in the widening income gap, but also in the sharp widening gap between the rich and the poor caused by the property gap. Real estate has played a key role in the evolution of the gap between the rich and the poor.

Even though levying real estate tax can't completely curb high housing prices, it is still necessary to improve the efficiency of resource allocation, reduce housing vacancy rate and curb excessive speculation in the real estate market as much as possible through scientific and perfect tax design, so as to realize the Chinese dream of "home ownership". Guided by this, it is acceptable to position the real estate tax as a local tax if we can attach importance to public opinion and consider the public psychology as much as possible in tax design.