I. Calculation of property tax:
According to the tax law, there are two methods of how to calculate property tax:
1. Calculation is based on the original value of the property at one time minus the residual value of 10% to 30%.
The formula is: annual taxable amount = the original book value of the property × (1-10% to 30%) × 1.2%
2. Calculated on the basis of the rental income,
The formula is: annual taxable amount = the annual rental income × the applicable rate (12%)
The above methods of calculating the property tax are on an annual basis.
The property tax is calculated on a yearly basis, and if the tax is paid in installments, such as half-yearly, then the annual taxable amount is divided by 2; quarterly, then the annual taxable amount is divided by 4; monthly, then the annual taxable amount is divided by 12.
For underground buildings for industrial use, 50% of the original price of the house is considered as the original value of the property subject to the tax.
For underground buildings connected with above-ground houses, the original taxable value of the property is 50 percent of the original price of the house. For underground buildings connected with aboveground houses, the underground part and the aboveground houses should be regarded as a whole and the property tax should be calculated according to the relevant regulations for aboveground house buildings.
Expanded:
I. Objects of taxation:
Property tax is a kind of tax levied on the owners of houses according to the taxable residual value of the houses or the rental income with houses as the object of taxation.
1, the object of property tax, the scope of taxation
The object of property tax is property, that is, property in the form of houses. Buildings independent of houses, such as fences, chimneys, water towers, outdoor swimming pools, etc., are not property.
The scope of taxation under the property tax is the property in cities, county towns, formed towns and industrial and mining areas.
2. Taxpayers of Property Tax
According to the regulations, the taxpayers of property tax are the property owners. If the property right belongs to the whole people, it shall be paid by the management unit; if the property right is granted, it shall be paid by the grantee; if the property right owner or grantee is not in the location of the property, or the property right has not been determined and the dispute over the lease has not been resolved, it shall be paid by the property administrator or the user.
The above property owners, management units, lessees, property managers or users are all property taxpayers.
Industrial enterprises are naturally property taxpayers if they own property (i.e., the owner of the property). If the property used by an industrial enterprise is state-owned (i.e. owned by the whole nation), it should also pay the property tax and is the taxpayer of the property tax.
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