Yes. According to the "Announcement of the Ministry of Housing and Urban-Rural Development of the Fuzhou Ministry of Finance, State Administration of Taxation, and the Ministry of Housing and Urban-Rural Development on Improving Tax Policies on Housing Leasing", enterprises, institutions, social groups and other organizations that rent housing to individuals or professional and large-scale housing leasing enterprises will be subject to a mortgage reduction of 4 Property tax is levied at a rate of %. Real estate tax is a property tax levied on property owners based on the taxable residual value or rental income of the property.