Legal basis:
According to Article 6 of the Provisional Regulations on Urban Property Tax in People's Republic of China (PRC), property tax is levied according to the following standards and tax rates:
1, the property tax is levied on an annual basis according to the standard house price, and the tax rate is1%;
2. The real estate tax is levied on an annual basis according to the standard land price, and the tax rate is1.5%;
3. Cities where the standard house price and the standard land price are not easy to be divided can be temporarily taxed on an annual basis according to the standard house price, and the tax rate is1.5%;
4. For cities where the standard housing land price is difficult to obtain, the standard housing rental price can be temporarily levied annually at the tax rate of 15%.