China Legal Notes

Property Taxes

财产税 — House Property Tax, Vehicle & Vessel Tax, Urban Land Use Tax

Property Taxes 财产税

House Property Tax 房产税

Interim Regulations on House Property Tax (房产税暂行条例)

Levied on owners of houses and buildings. Two calculation methods:

  • Ad valorem: 1.2% of the residual value (original value minus 10–30% deduction)
  • Rental income: 12% of rental income

Vehicle and Vessel Tax 车船税

Vehicle and Vessel Tax Law (车船税法) Adopted February 25, 2011. Effective January 1, 2012.

Annual tax on vehicles and vessels. Rates vary by type and engine displacement.

Urban Land Use Tax 城镇土地使用税

Interim Regulations on Urban Land Use Tax (城镇土地使用税暂行条例)

Levied on entities and individuals using land within urban areas. Rate: RMB 0.6–30 per square meter per year, depending on location.

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