Abstract

The study suggests ways to improve the tax rate system for housing property. Property taxes are taxes imposed on taxpayers who have the subject of taxation, which are common and stable. Housing is a very important issue for the nation to solve. Due to these characteristics of taxation, property taxes on housing are additionally expected to contribute to achieving the policy goals associated with real estate, unlike other property taxes. This study analyzed the problems of the housing market in Korea through analysis of various data. In doing so, they argued for two improvements in the tax rate system for housing property taxes：First, this study proposed a residential－based housing property tax. The concept of residential－based property tax is to apply a low－tax rate for residential housing and a high－tax rate for non－residential housing. The main cause of tax reform failure in the past is related to loss of social support in the process of discourse. Residential－based housing property taxes are expected to be relatively easy to gain social support as they are based on the Constitution and common sense. Second, the current level of housing prices has risen significantly compared to the time the current housing property tax rate system was created. It found that the current tax system does not serve as a real progressive tax. Therefore, it is necessary to adjust the tax system to solve this problem. The improvements proposed will contribute to the achievement of real taxation and progressive tax on housing.

Keywords

• Property tax
• tax rate system
• tax equity
• house hold
• residence

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