Institutions, property taxation and local government finance in China

Bo sin Tang, Siu Wai Wong, Sing cheong Liu

Research output: Journal article publicationJournal articleAcademic researchpeer-review

22 Citations (Scopus)

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 languageEnglish
Pages (from-to)847-875
Number of pages29
JournalUrban Studies
Volume48
Issue number5
DOIs
Publication statusPublished - 1 May 2011

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Urban Studies

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