Property Tax, Levy Expectations and Housing Asset Allocation
Evidence from Chinese Households
Bibliographic Data
| ID | 21633673 |
|---|---|
| Authors | Youmeng Wu (0009-0000-7692-3854, Anhui University of Technology), Hongliang Sun (0000-0003-0202-9141, Anhui University of Technology), Xianzhu Wang (0000-0002-0295-0363, Anhui University of Technology), Mengkai Chen (0000-0003-1089-0652, Anhui University of Technology, corresponding author), He Huang (0009-0008-2154-0694, Anhui University of Technology), Meng Li (0000-0003-4257-1832, Minzu University of China) |
| Year | 2024 |
| Volume | 34 |
| Issue | 6 |
| Pages | 985-1011 |
| Publication date | 2024-11-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Housing Policy Debate (JOURNAL) |
| Journal identifiers | ISSN: 1051-1482 • E-ISSN: 2152-050X |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/10511482.2023.2215734 |
| OpenAlex | W4379650328 |
| Language | EN |
| Citations received | 1 |
| References cited | 49 |
Property tax reform in China has long been discussed regarding the reform agenda. However, nationwide implementation remains stalled, with no clarity regarding when and how property taxes will be levied. Uncertain expectations affect household housing assets, the most important assets of Chinese residents. To explore the impact of property tax levy expectations on the allocation of such assets, we construct a theoretical model and use four waves of China Household Finance Survey and Baidu index data for estimation. Property tax levy expectations significantly reduce the proportion of household housing assets to total assets, especially for high-income groups, nonrural hukou households, young-headed households, and households in first-tier cities. For multi-home households, the absolute housing asset quantity drops even more. Moreover, house purchase intentions mediate the impact of property tax levy expectations on household housing asset allocation. The findings provide new insights into upcoming property tax reform and highlight the need to develop differentiated property tax brackets and rates
Business · China · CLARITY · Economics · Labour economics · Property tax · Public economics · Tax reform · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Local Government Finance and Decentralization · Finance
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| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2026 - 2026 (1) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |