The property tax is levied on houses, and the scope of property tax collection is cities, county towns, towns and industrial and mining areas, not involving rural areas.
The property tax is levied on the property owner as the taxpayer, and a proportional tax rate is adopted. There are two tax bases: one is to calculate the tax based on the residual value of the property (referring to the balance after deducting 10%~30% of the loss value from the original value of the property according to the tax law), with a tax rate of 1.2%; the other is to calculate the tax based on the rental income of the property, with a tax rate of 12%. At present, for personal residential housing that is still rented out for residence, the property tax is reduced to 4%; enterprises, institutions, social groups, and other organizations that rent housing for residence to individuals at market prices are also subject to a reduced property tax of 4%.
From January 1, 2022 to December 31, 2024, according to the relevant provisions of the “six taxes and two fees” preferential policies, small-scale value-added tax taxpayers, small and micro-profit enterprises, and individual industrial and commercial households can reduce the property tax within a 50% tax range.
For example, a small-scale enterprise, Company A, owns two properties, one for self-use office, with an original value of 8 million yuan; the other for renting out to people for living, with an annual rent of 150,000 yuan. (The province stipulates that the tax is calculated based on the residual value after deducting 20% of the original value of the property)
The property tax that Company A needs to pay in 2022 is:
The tax payable for self-use property = [800x (1-20%)] x 1.2% x 50%;
The tax payable for rental income = 15 x 4% x 50%.