Principles for the Design of the Real Property Tax

  • Yilin Hou
Part of the Politics and Development of Contemporary China book series (PDCC)


This chapter first combs through the ongoing debate among policy experts (including some former high-ranking officials) and academic scholars about the design of the property tax; the chapter then deliberates on a set of six principles to consider when designing the tax. They are equity, efficiency, feasibility, transparency, adequacy, and stability. These principles compose an analytical framework for evaluating any design to see whether it fits the generic political economic theory as well as the practicality of public finance, in particular at the local level. A strong rebuttal of three current and widely circulated designs is based on their failure to meet most of these principles.


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Yilin Hou
    • 1
  1. 1.The Maxwell SchoolSyracuse UniversitySyracuseUSA

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