Real estate tax to help normal homebuyers

Real estate tax should be promoted according to the principles of legislation, and the process should be carried forward gradually. Enacting real estate tax legislation is a lengthy process, and the authorities should prudently differentiate the tax levying methods on sold houses and houses to be sold in the future.

To make the collection of real estate tax easier, the local authorities could be allowed to devise innovative methods to levy the tax in accordance with the actual situation of the local property market. In fact, the levying of real estate tax may be expedited gradually.

Besides, real estate tax should be based on the appraisal of the house in question, for which the situation in the neighboring housing market as well as the cost of furnishing and decorating a house should also be considered.