Is the property tax payable every year?
Property tax is not paid every year. You need to pay in one lump sum when you buy a house, and then you don't need to pay again.
1. Property tax is a kind of property tax levied on the property owner according to the taxable residual value or rental income of the house. According to Article 7 of the Provisional Regulations on Real Estate Tax in People's Republic of China (PRC), real estate tax is levied annually and paid in installments.
2. Property tax is an ancient tax widely levied by Chinese and foreign governments. In medieval Europe, property tax became an important means for feudal monarchs to collect money, with various names, such as window tax, stove tax and chimney tax. Most of these property taxes are based on some external signs of houses to determine the burden. China's ancient book Zhou Li was originally called property tax. The shelf tax in the Tang Dynasty and the house donation in the Qing Dynasty and the Republic of China are all property taxes.
It is common that the property tax should be paid every year. When people pay property tax, the only difference is that the amount paid is different, which involves the collection standard of property tax. The property tax is calculated and paid in one lump sum according to the original value of the property, with 10% to 30% deducted. If the property is taxed according to the taxable value, the tax rate is 1.2%, and if the property rental income is taxed, the tax rate is 12%.
What are the procedures for selling a house?
1. Concluding a sales contract: After the buyers and sellers of real estate have reached a * * understanding of the location, property rights and transaction price of the real estate through contact and negotiation, they will sign a formal real estate sales contract.
2. Accept the examination of the real estate transaction management department: After both parties to the real estate transaction go through the application formalities at the real estate transaction management department where the real estate is located, the management department should check the relevant documents, review the property rights, conduct necessary on-site investigation, and the appraisers will appraise the traded real estate.
3. Transfer of title deed and payment of taxes and fees: After the real estate transaction management department reports to the relevant person in charge for approval according to the nature of property right and the object of purchase, the agent informs the buyer and the seller to go through the formalities of signing the title deed. The buyer and the seller sign and seal the contract, and pay the handling fee and related taxes to the real estate transaction management department.
4. Handling the formalities of property right transfer and transfer: After the buyers and sellers handle the formalities of sale and transfer through the real estate exchange, the buyer will go to the real estate property management department where the house is located to register the transfer of property right and land use right with the purchase contract issued by the real estate exchange in exchange for a new real estate license.