Shanghai's property tax pilot program adjusts for the first time in 14 years, responding to the "Six Policies of Shanghai" to better promote the release of housing consumption demand

Yesterday, the Shanghai Municipal Finance Bureau's official website announced the "Notice on Optimizing and Adjusting the Pilot Policies for Individual Housing Property Tax in the City," which has attracted significant attention from the public. This is the first substantial optimization and adjustment of the property tax pilot policy since Shanghai began piloting the collection of individual housing property tax in 2011. The policy was issued by the Shanghai Municipal Finance Bureau and the Shanghai Municipal Taxation Bureau of the State Administration of Taxation, and it aligns with the "Six Policies" for Shanghai's real estate released at the end of August. Experts indicate that a series of policies related to financial taxes and fees will better promote the release of housing consumption demand. In fact, after the release of the "Six Policies" for real estate, the real estate market has shown positive momentum, with significant changes in the new housing market. Developers' enthusiasm for selling houses has been stimulated, and they have begun to sprint towards the "Golden September." As of September 19, there are nearly 40 new housing projects in Shanghai that are currently being subscribed, opened, or planned to be opened, setting a new monthly high for 2025. According to incomplete statistics, the new projects launched in the first half of this month are mainly concentrated in areas outside the outer ring road. The market has also welcomed a small peak in subscriptions. The first-day subscription rates for Minhang Meilong Poly Haishangyin and Minhang Lanxianghu Xiangyu Lanhxiang both exceeded 100%, while the first-day subscription rate for Putuo Taopu Runyun Jinmao Mansion was 91%, and the first-day subscription rate for Baoshan Yangxing Jinmao Tangqian was also close to 80%