Real Estate, Financials, Technology Feb 08, 2022 06:19 PM (GMT+8) · EqualOcean
In 2022, whether the real estate tax rate in Shanghai will be levied at 0.4% or 0.6% will be divided by 81948 yuan per square meter of taxable housing. According to the Shanghai Municipal Bureau of statistics, in 2021, the average sales price of new houses was 40974 yuan / m2. Based on this calculation, the condition for the temporary reduction of the real estate tax rate of newly purchased houses in Shanghai to 0.4% in 2022 is that the market transaction price per square meter is less than or equal to 81948 yuan, and the market transaction price per square meter is greater than 81948 yuan. The applicable tax rate is tentatively set at 0.6%. Compared with the market transaction price of 73482 yuan per square meter in 2021, it increased by 11.52%.
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