China's Property Tax Rollout in Coming Months

Government officials and finance experts are signaling the fast-approaching rollout of a property tax system that could dramatically alter fiscal budgeting, property ownership and the real estate market in China.

Key details including proposed rates, revenue targets and timetables have yet to be announced. But sources close to the Ministry of Finance told Caixin that the State Council will likely approve a pilot program for property taxes after the Central Economic Work Conference ends in December.