# How is the 2016 property tax calculated? What is the property tax rate?

Time: 2016-01-28         Source: China Net         Author: China Network

How to calculate the property tax has become the most concerned thing for many homebuyers or sellers. Compare the amount of the purchase price, the property tax will also be compared. Then how to calculate the property tax when buying or selling a house?

First, the calculation method:

The ad valorem is calculated based on the residual value of the original value of the property minus a certain percentage. The formula is: taxable amount = original value of taxable property × (1 - deduction ratio) × annual tax rate 1.2%

2, from the lease

The rent is calculated based on the rental income of the real estate. The formula is: tax payable = rental income × 12%

There is no conversion problem at the ad valorem. The tax liability occurs: the original property is used for production and operation, and the property tax is paid from the month of production and operation. The rest will be paid from the next month.

Original value of the property: It should include various ancillary equipment that is inseparable from the house or an accessory that does not generally calculate the value. Mainly: heating, sanitation, ventilation, etc., if the taxpayer rebuilds or expands the original house, the original value of the house should be increased accordingly.

The rental income of individual rental housing is calculated by the formula: taxable amount = real estate rental income × 4%

Second, the tax basis:

The property tax is calculated and paid according to the residual value of the original value of the property minus 10% to 30%.

The deduction ratio shall be determined by the people's government of the province, autonomous region or municipality directly under the Central Government within the scope of the tax law. This stipulates that it is beneficial to each region to determine the taxable value according to local conditions and to adjust the tax burden according to local conditions. It is also conducive to balancing the tax burden everywhere, simplifying the calculation procedures and improving the efficiency of collection and management.

Original value of the property: It should include various ancillary equipment that is inseparable from the house or an accessory that does not generally calculate the value. Mainly: heating, sanitation, ventilation, etc., if the taxpayer rebuilds or expands the original house, the original value of the house should be increased accordingly.

2, from the lease

According to the rental income of the real estate, it is called the rent calculation, the property rent, and the rental income of the real estate is the tax basis of the property tax.

3, matters needing attention

(1) If the property is rented, the rental income of the property shall be the tax basis for the property tax. For investment joint ventures, the property tax should be treated differently. If the risk is shared, the property tax shall be calculated according to the residual value of the property. For the fixed income, the lessor shall pay the property tax according to the rental income.

(2) For the case of finance leased houses, the property tax shall be calculated and calculated according to the residual value of the property. The taxpayer of the property tax during the lease period shall be determined by the local tax authorities according to the actual situation.

(3) When the new house is delivered for use, if the central air-conditioning equipment has been calculated in the original value of the property, the original value of the property should include the central air-conditioning equipment; the air-conditioning equipment installed in the old house is generally recorded as a single fixed asset and should not be counted. The original value of the property.

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