Chongqing May Levy Property Tax on Houses Over 144 Square Meters
Published:
2011-01-11
Chongqing may impose a property tax on houses over 144 square meters. According to an anonymous source, the tax ratio is rumored to be between 1.5% and 5% of the property’s market price. Currently, upscale housing and villas occupy 10% of Chongqing’s housing market.
Source
China News Service
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