What's the difference between property tax and real estate tax? How is the property tax calculated?
Property tax is a kind of property tax levied on property owners according to the taxable residual value or rental income of houses.
Real estate tax is a comprehensive concept. That is, all taxes directly related to the process of real estate economic movement belong to real estate tax. In China, it includes real estate business tax, enterprise income tax, personal income tax, property tax, urban land use tax, urban real estate tax, stamp duty, land value-added tax, deed tax, farmland occupation tax and so on. China's real estate tax accounts for more than 70% of local tax revenue, while some developed countries abroad only account for about 8%.
The difference between real estate tax and real estate tax is that real estate tax, as a property tax, is levied on real estate, and real estate tax includes both real estate and land. The popular explanation is: one property tax, two property subjects. There are two property subjects of real estate: the house belongs to the seller, but the land under its feet belongs to the state. Take the house as an example, it only has the right to use for 70 years and has no actual ownership.
There are two ways to calculate the property tax:
First of all, the ad valorem property tax is based on the residual value of the property. Property tax is calculated and paid according to the residual value after deducting 10% ~ 30% from the original value of the property.
2. The property tax adopts the proportional tax rate, which is 1.2% according to the residual value of the property. Property tax is collected from rent.
1, the property tax levied from rent is based on the rental income obtained from house leasing.
2. Property tax adopts proportional tax rate. If calculated according to the rental income of real estate, the tax rate is 12%.
3. For residential houses rented by individuals at market prices, the property tax is temporarily reduced at the rate of 4%.
Examples of calculation methods for second-hand property tax, rental property tax and house property tax:
Xiao Zhao has a property with an original value of 750,000 yuan. The known property tax rate is 1.2%, and the local property tax deduction ratio is 30%. What is the annual property tax payable on this property?
Analysis: The ad valorem property tax is based on the residual value of the property, and the final property tax payable is = 750,000× (1-30% )×1.2% = 6,300 yuan.
Examples of calculation of residential property tax, rural property tax and land use tax;
Xiao Xiao owns a bungalow with rooms *** 16, 7 of which are used to open a restaurant. The original value of the house is 200,000. On June 65438+1 October1day, 2008, Wang awarded four of the houses to Li, making a profit of120,000 yuan from the auction price, and renting the remaining five houses to a company for a monthly rent of10,000 yuan. It is known that the tax in this area is calculated according to the residual value after deducting 20% from the original value of the property, so the property tax payable by Wang in 2008 is RMB?
Analysis:
1, the property tax payable by the restaurant = 20× (1-20% )×1.2% = 0.192 (ten thousand yuan);
2. If the house property right is pawned, the mortgagee is the taxpayer, and Wang, as a pawnbroker, does not need to pay property tax;
3. Property tax payable for the leased house =/kloc-0 /×12×12% =1.44 (ten thousand yuan);
4. Total property tax payable = 0.192+1.44 =1.632 (ten thousand yuan).
What impact will the real estate tax have on the property market?
In the real estate market, the property houses and commercial houses with housing concept need to have the tax burden of retention link, so as to adjust and optimize the interest expectations of all parties, make the supply and demand of the market tend to balance as much as possible, reduce bubbles, and especially curb unscrupulous speculation. This will improve the health of the market and the industry, and at the same time, it will also improve our intensive land use-because after the tax payment in the retention link, the real demand of the market will be more represented by small and medium-sized units, and the demand prospect of a larger proportion of small and medium-sized units will definitely affect the overall decision-making consideration of developers and adjust the supply, which will result in improving China's intensive land use.
Moreover, this tax burden will also stimulate many previously vacant houses to move to the rental market or the trading market. In the absence of any new investment in society, the effective supply will increase a lot, which is of course the optimization of resource allocation. In the long run, although this tax will not change the average price of real estate (including housing) in the central region of China (that is, the built-up area that will continue to expand) as a big picture of an upward curve, it will make the slope of this upward curve less high and steep, that is, there will be fewer bubbles. This is also a positive effect on the whole social life.
(The above answers were published on 2015-11-02. Please refer to the actual purchase policy. )
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