Core Viewpoint - The article addresses common misconceptions regarding property tax and urban land use tax obligations for both individuals and businesses, emphasizing the importance of understanding tax responsibilities to avoid compliance issues [1][2][3]. Group 1: Property Tax Misconceptions - Misconception 1: Properties without a property certificate are exempt from property tax. In fact, property tax must be paid regardless of certificate status if the individual or entity is a taxpayer [1]. - Misconception 2: Properties under financing leases do not incur property tax. The lessee is responsible for paying property tax based on the property’s residual value starting from the month following the contract date [2]. - Misconception 3: Businesses using other entities' properties without rent do not need to pay property tax. Such businesses must pay property tax based on the property’s residual value [2]. Group 2: Urban Land Use Tax Misconceptions - Misconception 1: Underground buildings are exempt from urban land use tax. These buildings are subject to tax, calculated based on the area specified in the land use certificate or the vertical projection area if no certificate is available [2]. - Misconception 2: Renting collective land does not incur urban land use tax. Entities directly leasing collective land are required to pay this tax [3]. - Misconception 3: All areas are subject to the same urban land use tax rates. The tax rates vary by classification, with six different levels ranging from 25 yuan to 1.5 yuan per square meter annually [3].