With the rising house prices, property tax has become a topic of great concern. As a policy involving public interests, the implementation of property tax needs the active cooperation of local governments. In Ningxia, the property tax policy is also constantly improving.

The object of property tax collection in Ningxia

According to the Real Estate Tax Law of People's Republic of China (PRC), the property tax is levied on all real estate owners and usufructuary rights holders in China. Specifically, Ningxia property tax collection targets include:

1. natural person: an individual who owns real estate, including property owners and users.

2. Legal person: including enterprises, institutions, social organizations, foundations and other organizations.

3. Other organizations: including partnerships and cooperatives.

Ningxia property tax collection standard

The collection standard of property tax in Ningxia is calculated according to the total value of real estate. Specifically, the calculation formula of property tax is as follows:

Property tax = total value of real estate × tax rate

Among them, the total value of real estate refers to the assessed value or transaction price of real estate. The tax rate is jointly set by the state and local governments. At present, the property tax rate in Ningxia is 1.5%.

The payment method of property tax in Ningxia

There are two main ways to pay property tax in Ningxia: one is to pay annually, and the other is to pay monthly. Specifically:

1. Annual payment: the tax payment period of property tax is from March 30th to June 30th every year. Taxpayers need to declare and pay property tax to the tax authorities within this period.

2. Pay monthly: For taxpayers with higher property tax, they can choose to pay monthly. Taxpayers need to pay the monthly property tax to the tax authorities before 15 every month.

Ningxia property tax relief policy

In order to reduce the burden on taxpayers, Ningxia has formulated a series of property tax reduction and exemption policies. Specifically, the relief objectives include:

1. Housing provident fund loan purchaser: For taxpayers who use housing provident fund loans to purchase houses, the principal and interest of housing provident fund loans can be deducted when calculating property tax.

2. Inclusive housing owners: For inclusive housing owners, a certain percentage of tax can be reduced or exempted when calculating property tax.

3. Low-income households, five-guarantee households and poor people: For poor groups such as low-income households, five-guarantee households and poor people, a certain percentage of tax can be reduced or exempted when calculating property tax.