The Impact of Property Tax on the Development of Real Estate Industry

Ruoke Hu; Fangke Li

doi:10.26689/pbes.v4i3.2201

Ruoke Hu Wuhan Institute of Technology, China
Fangke Li Xi’an University of Posts and Telecommunications, China

DOI: https://doi.org/10.26689/pbes.v4i3.2201

Keywords: Real estate industry, Economic growth, Property tax, House prices

Abstract

In recent years, due to the rapid development of the real estate industry in China, land speculation has begun in addition to the significant growth in economy. However, this rapid development has led to an extreme rise in housing prices, largely owing to high property tax. This article analyzed the impact of property tax on the development of real estate industry and provided countermeasures.

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Fu X, 2020, Analysis of the impact of real estate tax reform on the real estate market. China’s Collective Economy, 16.