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Does property tax have an impact on futures prices?
Property tax is levied on consumers and has no direct impact on development enterprises. However, in the long run, the changes in product consumption structure caused by the collection of real estate tax deserve the attention of development enterprises, and development enterprises need to conduct more in-depth research at the demand level in order to achieve long-term development. The impact of property tax on the real estate industry should be considered not only from the perspective of property tax, but also from the current development characteristics of the real estate industry itself.

1, the land transfer fee system remains unchanged, and it is difficult to have a substantial impact on housing prices: some people think that real estate tax is "collecting land transfer fees for decades in units of years", and on this premise, it is said that collecting real estate tax will greatly reduce housing prices. However, this statement confuses the difference between the land rent nature of the land transfer fee and the national tax: the land transfer fee is the transaction price for the land owner to transfer the land use right, which belongs to the land rent category; Real estate tax is a legal obligation given by the government to real estate owners. The two are different in nature and cannot replace each other. Levying real estate tax will not cancel the land transfer fee. In this case, the rigid increase of land cost determines that house prices will not drop sharply because of the collection of property tax.

2. The number of saleable and rentable houses has increased, and resources have been rationally utilized: in some cities with strong hype atmosphere, investors have neither occupied their own houses nor rented them out after buying houses, and only after the house prices have risen sharply can they make huge profits. In the case of strict implementation of property tax, on the one hand, some people with poor strength can be urged to sell houses; On the other hand, even those who have the strength and don't need to sell their houses may turn their houses into leases to avoid paying higher taxes. In any case, there are new saleable and rentable houses in the market, which makes the built houses useful and reduces the waste of resources.

3. The short-term fluctuation of the industry is stable and beneficial in the long run: in the short term, the expectation of property tax may force some real estate speculators to sell houses, increase market supply, and the price may fall, so developers with relatively weak capital chains may be forced to reduce prices or even be squeezed out of the real estate industry, leading to fluctuation adjustment of the whole real estate industry.

4. In the long run, the property tax will reduce the speculative and irrational components of the property market and gradually squeeze out the price bubble in the real estate market. In the long run, property tax will benefit the real estate industry.

Property tax is a kind of property tax levied on property owners according to the taxable residual value or rental income of houses.