上海房产税政策定了！这些房子免交“房产税”

Core Viewpoint - The recent adjustment of the property tax policy in Shanghai aims to temporarily exempt eligible non-local resident families from property tax, primarily to attract and retain talent in the city [1][4][22]. Summary by Sections Policy Announcement - On September 16, 2025, the Shanghai Municipal Finance Bureau and the State Taxation Administration of Shanghai issued a notification regarding the optimization and adjustment of the personal housing property tax pilot policy, allowing eligible non-local resident families to be temporarily exempt from property tax [1][5]. Eligibility Criteria - Eligible non-local resident families include: 1. High-level talents and urgently needed talents in key industries who hold a Shanghai residence permit and work in the city [2]. 2. Homebuyers who have held a Shanghai residence permit for at least three years and live and work in the city [2]. Tax Exemption Scope - The scope of temporary property tax exemption includes: 1. Newly purchased homes in Shanghai that are the family's first home [3]. 2. For second homes and beyond, if the combined area of all family homes does not exceed 60 square meters per person, the property tax is exempt; if it exceeds, tax is calculated on the excess area [3][9]. Historical Context - Shanghai has been a pilot city for property tax since January 2011, with only Shanghai and Chongqing currently implementing such a tax in China [3][7]. The recent policy adjustment is a response to the new regulations announced on August 25, 2025, which aimed to stimulate demand for improved housing [4][22]. Market Impact - Following the announcement of the new policy, there was a notable increase in new home transactions, with a 119.37% month-on-month increase in the week following the policy release [17]. However, the market showed signs of cooling afterward, with a decrease in transaction volume due to increased supply [17][19]. Tax Rate and Calculation - The property tax is calculated based on the market price of the taxable housing, with a standard tax rate of 0.6%, which can be reduced to 0.4% if the market price is below a certain threshold [10][12]. The average selling price of newly built commercial housing in Shanghai for 2025 is reported at 47,223 yuan per square meter [12]. Revenue Context - The overall property tax revenue in Shanghai was approximately 237 billion yuan in 2022, with a projected revenue of around 100 billion yuan for the current year [13]. The adjustments in the property tax policy are expected to have a limited impact on overall tax revenue [13][22]. Long-term Benefits - The policy adjustment includes provisions for tax refunds for eligible families who have already paid property tax under the previous regulations, which is seen as a significant benefit for those planning to reside long-term in Shanghai [22].