“The current lack of a policy to treat the problem with the repeat rate, the order in terms of real estate tax regulations to achieve political control of China due to tax was introduced in the process does not exclude property tax or property.” Bo – Real Estate Center, Fudan University, Professor Cheng Director be.

The local property tax

Stable earnings

“Property tax reform local governments for the implementation of the ‘4 * 14 ‘New Deal Wed fact much more positive attitude can promote.” Of the Chinese Academy of Social Sciences, Institute for Trade and Economic, Aim, its deputy director in this mainly to the local government’s financial interests are involved.

And land banking for a time, local governments are different from real property taxes generate revenue for local governments with property tax is part of is more consistent and stable revenues.