Jinan property tax

Legal analysis: collection standard: if the per capita household of Jinan residents does not exceed 60 square meters, the newly purchased housing will be temporarily exempted from property tax. The tax base is temporarily paid at 70% of the transaction price of taxable housing market, and the applicable tax rate is tentatively set at 0.6%. If the market transaction price per square meter of housing is 2 times (including 2 times) lower than the average sales price of newly-built commercial housing in the local area last year, the tax rate will be temporarily reduced to 0.4%.

Legal basis: People's Republic of China (PRC) City Real Estate Management Law.

Article 2 This Law shall be observed in obtaining the land use right of real estate development land, engaging in real estate development, real estate transaction and real estate management within the state-owned land (hereinafter referred to as state-owned land) in People's Republic of China (PRC) urban planning area.

The term "houses" as mentioned in this Law refers to buildings and structures such as houses on land.

The term "real estate development" as mentioned in this Law refers to the construction of infrastructure and houses on the land that has obtained the right to use state-owned land in accordance with this Law.

Real estate transactions mentioned in this Law include real estate transfer, real estate mortgage and house lease.

Thirteenth transfer of land use rights, can take the form of auction, bidding or mutual agreement.

Commercial, tourism, entertainment and luxury residential land, conditional, must be taken by auction and tender; If auction or tender cannot be used unconditionally, it can be agreed by both parties.

The transfer fee for the land use right agreed by both parties shall not be lower than the lowest price determined by the state.