The spatial distribution of real estate taxes impacts on housing price in China

Xue Jun Du; Ci Fang Wu; Zhong Hua Huang

doi:10.1109/ICMSE.2008.4669128

The spatial distribution of real estate taxes impacts on housing price in China

Xue Jun Du^*
, Ci Fang Wu
, Zhong Hua Huang

^*Corresponding author for this work

Zhejiang University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

The purpose of this paper is to present some empirical findings on the spatial distribution of real estate taxes impacts on housing price in China. The fixed effect regression model was used to estimate this effect with Data of the 31 provinces and metropolis in 1998-2006. The finding showed that:1 real estate taxes had both direct and indirect impact on housing price. The direct effect was real estate taxes capitalization, and the indirect effects were referred as the capitalization of public services deriving from the real estate taxes revenues. 2 Real estate taxes had a negative effect on housing price in China. If the collected real estate taxes increased at 1 percentage, housing price would increase at 0.038 percentage, but if local public expenditure increased at 1 percentage, housing price would increase at 0.398 percentages. 3 The real estate taxes burden effect on housing price in central districts of China was much more obvious than Western China, and this effect in Eastern China was not obvious. The reason for the results could be explained to some extent as the spatial difference of local public expenditure.

Original language	English
Title of host publication	2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE
Pages	1660-1666
Number of pages	7
DOIs	https://doi.org/10.1109/ICMSE.2008.4669128
State	Published - 2008
Externally published	Yes
Event	2008 International Conference on Management Science and Engineering 15th Annual Conference, ICMSE - Long Beach, CA, United States Duration: 10 Sep 2008 → 12 Sep 2008

Publication series

Name	2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE

Conference

Conference	2008 International Conference on Management Science and Engineering 15th Annual Conference, ICMSE
Country/Territory	United States
City	Long Beach, CA
Period	10/09/08 → 12/09/08

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 11 Sustainable Cities and Communities

Keywords

Fixed effect regression model
Housing price
Real estate taxes
Spatial distribution

Access to Document

10.1109/ICMSE.2008.4669128

Cite this

Du, X. J., Wu, C. F., & Huang, Z. H. (2008). The spatial distribution of real estate taxes impacts on housing price in China. In 2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE (pp. 1660-1666). Article 4669128 (2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE). https://doi.org/10.1109/ICMSE.2008.4669128

Du, Xue Jun ; Wu, Ci Fang ; Huang, Zhong Hua. / The spatial distribution of real estate taxes impacts on housing price in China. 2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE. 2008. pp. 1660-1666 (2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE).

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title = "The spatial distribution of real estate taxes impacts on housing price in China",

abstract = "The purpose of this paper is to present some empirical findings on the spatial distribution of real estate taxes impacts on housing price in China. The fixed effect regression model was used to estimate this effect with Data of the 31 provinces and metropolis in 1998-2006. The finding showed that:1 real estate taxes had both direct and indirect impact on housing price. The direct effect was real estate taxes capitalization, and the indirect effects were referred as the capitalization of public services deriving from the real estate taxes revenues. 2 Real estate taxes had a negative effect on housing price in China. If the collected real estate taxes increased at 1 percentage, housing price would increase at 0.038 percentage, but if local public expenditure increased at 1 percentage, housing price would increase at 0.398 percentages. 3 The real estate taxes burden effect on housing price in central districts of China was much more obvious than Western China, and this effect in Eastern China was not obvious. The reason for the results could be explained to some extent as the spatial difference of local public expenditure.",

keywords = "Fixed effect regression model, Housing price, Real estate taxes, Spatial distribution",

author = "Du, \{Xue Jun\} and Wu, \{Ci Fang\} and Huang, \{Zhong Hua\}",

year = "2008",

doi = "10.1109/ICMSE.2008.4669128",

language = "英语",

isbn = "9781424423873",

series = "2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE",

pages = "1660--1666",

booktitle = "2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE",

note = "2008 International Conference on Management Science and Engineering 15th Annual Conference, ICMSE ; Conference date: 10-09-2008 Through 12-09-2008",

}

Du, XJ, Wu, CF & Huang, ZH 2008, The spatial distribution of real estate taxes impacts on housing price in China. in 2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE., 4669128, 2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE, pp. 1660-1666, 2008 International Conference on Management Science and Engineering 15th Annual Conference, ICMSE, Long Beach, CA, United States, 10/09/08. https://doi.org/10.1109/ICMSE.2008.4669128

The spatial distribution of real estate taxes impacts on housing price in China. / Du, Xue Jun; Wu, Ci Fang; Huang, Zhong Hua.
2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE. 2008. p. 1660-1666 4669128 (2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

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AU - Wu, Ci Fang

AU - Huang, Zhong Hua

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N2 - The purpose of this paper is to present some empirical findings on the spatial distribution of real estate taxes impacts on housing price in China. The fixed effect regression model was used to estimate this effect with Data of the 31 provinces and metropolis in 1998-2006. The finding showed that:1 real estate taxes had both direct and indirect impact on housing price. The direct effect was real estate taxes capitalization, and the indirect effects were referred as the capitalization of public services deriving from the real estate taxes revenues. 2 Real estate taxes had a negative effect on housing price in China. If the collected real estate taxes increased at 1 percentage, housing price would increase at 0.038 percentage, but if local public expenditure increased at 1 percentage, housing price would increase at 0.398 percentages. 3 The real estate taxes burden effect on housing price in central districts of China was much more obvious than Western China, and this effect in Eastern China was not obvious. The reason for the results could be explained to some extent as the spatial difference of local public expenditure.

AB - The purpose of this paper is to present some empirical findings on the spatial distribution of real estate taxes impacts on housing price in China. The fixed effect regression model was used to estimate this effect with Data of the 31 provinces and metropolis in 1998-2006. The finding showed that:1 real estate taxes had both direct and indirect impact on housing price. The direct effect was real estate taxes capitalization, and the indirect effects were referred as the capitalization of public services deriving from the real estate taxes revenues. 2 Real estate taxes had a negative effect on housing price in China. If the collected real estate taxes increased at 1 percentage, housing price would increase at 0.038 percentage, but if local public expenditure increased at 1 percentage, housing price would increase at 0.398 percentages. 3 The real estate taxes burden effect on housing price in central districts of China was much more obvious than Western China, and this effect in Eastern China was not obvious. The reason for the results could be explained to some extent as the spatial difference of local public expenditure.

KW - Fixed effect regression model

KW - Housing price

KW - Real estate taxes

KW - Spatial distribution

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Du XJ, Wu CF, Huang ZH. The spatial distribution of real estate taxes impacts on housing price in China. In 2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE. 2008. p. 1660-1666. 4669128. (2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE). doi: 10.1109/ICMSE.2008.4669128

The spatial distribution of real estate taxes impacts on housing price in China

Abstract

Publication series

Conference

UN SDGs

Keywords

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