Leased factory buildings (except business premises) need to pay property tax, and the tax authorities where the premises are located shall collect the residual value after deducting 10% to 30% from the original value of the premises on an annual basis and pay it in installments. The ad valorem tax rate is1.2%, and the ad valorem tax rate is12%.

Legal objectivity:

Provisional Regulations of the People's Republic of China on Real Estate Tax Article 3 Property tax shall be calculated and paid according to the residual value after deducting 10% to 30% from the original value of the property. The specific reduction range shall be stipulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government. If there is no original value of the real estate as the basis, it shall be verified by the tax authorities where the real estate is located with reference to similar real estate. If the real estate is rented, the rental income of the real estate shall be the tax basis of the real estate tax. Article 4 of the Provisional Regulations of the People's Republic of China on Property Tax, if the property tax rate is calculated and paid according to the residual value of the property, the tax rate is1.2%; The tax rate is 12% if it is calculated and paid according to the rental income of real estate. "Provisional Regulations of the People's Republic of China on Property Tax" Article 7 Property tax shall be levied annually and paid in installments. The tax payment period shall be stipulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government. Provisional Regulations of the People's Republic of China on Property Tax Article 9 Property tax shall be collected by the tax authorities where the property is located.