1.       Taxpayers

The taxpayers of real estate tax are the owners of the property rights in cities, country towns, State designated townships and industrial and mining areas, including the owner, operational and managerial unit, mortgagee, custodian or the user of the property.

Specific Situations	Taxpayers
Owner is   State	Operational and managerial units
Owner   is collective or individual	Collective or individual
Property   rights pawned	Mortgagees
The   owner, mortgagee of property right is not in the location of the house	Custodians   and users of house property
The house   property right is not determined, and the pawn rent dispute is not solved
Operating   property shared by owners in residential areas
The   management departments, tax exempt units and tax paying units	Users of the property

2.      Scope, Tax Rate and Tax Computation

Real estate tax is levied on houses in n cities, country towns, State designated townships and industrial and mining areas, excluding "rural houses". Commercial houses constructed by real estate development enterprises is not subject to real estate tax before sale, but for commercial houses that have been used or leased by real estate enterprises before sale, real estate tax shall be levied in accordance with regulations.
Two different tax bases are residual value and rental income, and the tax rates are 1.2% (annual tax rate) and 12% (4% for personal rental) respectively.

Basis	Tax Base	Tax Payable Formula
Residual Value	Residual Value （Original value minus   deduction ration of 10% to 30%）Applicable to real estate for own use.	Tax payable of whole year = Original Value of Property × (1- Deduction   Ratio) × Annual Tax Rate 1.2%
Rental Value	“House Property Rental”（including   monetary proceeds and proceeds in kinds ），applicable to house lease.	Tax payable of whole year＝Rental Income × 12%（4% for individual）

Note:  Original Value

House   Property		Original Value
Buildings on the Land		Original price
Underground Buildings	Underground Industrial   Buildings	Residual Value is 50% to 60% of Original price
	Underground commercial   and other Buildings	Residual Value is 70% to 80% of Original price

3.       Assessable Period of Real Estate Tax

The assessable period of real estate tax is different according to different specific situations.

Specific   Situations	Assessable Period
House properties for production and operation	From the “month” to start production and operation
Newly self-built houses for production and operation	From the “next month” of completion.
Houses commissioned by construction companies	From the "next month" of the acceptance procedure.
New purchased commercial houses	From the "next month" of the houses have been delivered for   use.
Purchased stock houses	From the “next month” when the real estate ownership registration   authority issues the house ownership certificate after going through the   registration procedures for the transfer and alteration of the ownership of   the house.
Leasing or lending housing properties	From the "next month" of the delivery of rental and leasing   properties.
Real estate development enterprises use, rent or lend commercial houses   built by their own enterprises	From the "next month" of the houses have been delivered for   use.

4.       Tax Exemptions

(1)	Real estate for the private use of State organs, people's organisations and the armed forces
(2)	Real estate for the private use of institutions whose operating expenses are allocated by State finance departments.
(3)	Real estate for the private use of religious temples and shrines, parks and places of historic interest and scenic beauty.
(4)	Real estate owned by individuals for non-business purposes.
(5)	Non-profit medical institutions, disease control institutions, maternal and child health institutions and other health-care institutions.
(6)	The rental income from operating public rental housing.
(7)	From January 1, 2019 to December 31, 2021, the state-level and provincial-level science and technology business incubators, university science and technology, and national filing public space for self-use and free or leased to the incubation target Property and land.
(8)	From January 1, 2019 to December 31, 2021,the apartments for college student are exempted from real estate tax.
(9)	From January 1, 2019 to December 31, 2020, for heating companies that charge heating fees to residents, the plant and land used for heating residents are exempt from real estate tax. Real estate tax shall be levied on other factories and land of heating enterprises according to regulations.