The objective of this article is to analyze the existing local tax structure against the backdrop of well-known normative public-finance principles and criteria, with a specific focus on taxes on residential property in four megacities—Beijing, Chongqing, Shanghai, and Tianjin—that are directly under the administration of the central government of China. The megacities within the sample have the same political, economic, and jurisdictional rights as a province, but they are officially referred to as municipalities. As data are only available at the province and municipal level, the focus of this article is restricted to these megacities.
Salm, M. (2016). Property tax as a local government financing instrument for megacities in China. Journal of Property Tax Assessment & Administration, 13(2), 5-34. Retrieved from https://researchexchange.iaao.org/jptaa/vol13/iss2/1