Abstract
China's rapid urbanisation has prompted its government to explore new sustainable sources of public revenue to finance the continued demand for urban infrastructure and services. Property tax advocates have sought to take advantage of the real estate booms that have occurred since economic liberalisation by actively campaigning for a real property levy as an appropriate policy choice. Against this background, this study evaluates the prospect of implementing market-value-based property tax reforms in mainland China. Based on the new institutional economics perspective, it posits property tax as an institutional arrangement which requires complementary mechanisms in land registration, property appraisal, tax administration, social security and dispute resolution. Property tax reforms would not only necessitate technical changes, but would also have extensive social, political and legal repercussions for Chinese society.
Original language | English |
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Pages (from-to) | 847-875 |
Number of pages | 29 |
Journal | Urban Studies |
Volume | 48 |
Issue number | 5 |
DOIs | |
Publication status | Published - 1 May 2011 |
ASJC Scopus subject areas
- Environmental Science (miscellaneous)
- Urban Studies