Recently, the People's Government of the Inner Mongolia Autonomous Region issued the “Notice on Clarifying the Original Value Reduction Ratio of Real Estate”, which clearly states that from January 1, 2026 to December 31, 2030, real estate tax calculated ad valorem will be calculated and paid according to the residual value after deducting 30% of the original value of the property. Based on this, some people believe that Inner Mongolia will levy real estate taxes starting next year. And this is a misunderstanding. As early as 1986, the State Council issued the “Provisional Regulations on Real Estate Tax of the People's Republic of China”, which introduced real estate tax throughout the country from October 1 of that year. Therefore, real estate tax is not a new type of tax; various provinces, including Inner Mongolia, introduced it as early as 1986. Furthermore, the State Council stipulates that individual housing is exempt from real estate tax, so with the exception of individual cities, real estate tax policy adjustments have nothing to do with the tax burden of ordinary people. However, the above news has caused public misunderstanding. One possible reason is that ordinary people are confusing the “real estate tax” that has already been introduced with the “real estate tax” that is planned to be introduced, and the two are not a type of tax. Compared to the real estate tax that has been introduced for nearly 40 years, the real estate tax is still a new type of tax currently being legislated, and it is not expected to be introduced in the short term.

Recently, the People's Government of the Inner Mongolia Autonomous Region issued the “Notice on Clarifying the Original Value Reduction Ratio of Real Estate”, which clearly states that from January 1, 2026 to December 31, 2030, real estate tax calculated ad valorem will be calculated and paid according to the residual value after deducting 30% of the original value of the property. Based on this, some people believe that Inner Mongolia will levy real estate taxes starting next year. And this is a misunderstanding. As early as 1986, the State Council issued the “Provisional Regulations on Real Estate Tax of the People's Republic of China”, which introduced real estate tax throughout the country from October 1 of that year. Therefore, real estate tax is not a new type of tax; various provinces, including Inner Mongolia, introduced it as early as 1986. Furthermore, the State Council stipulates that individual housing is exempt from real estate tax, so with the exception of individual cities, real estate tax policy adjustments have nothing to do with the tax burden of ordinary people. However, the above news has caused public misunderstanding. One possible reason is that ordinary people are confusing the “real estate tax” that has already been introduced with the “real estate tax” that is planned to be introduced, and the two are not a type of tax. Compared to the real estate tax that has been introduced for nearly 40 years, the real estate tax is still a new type of tax currently being legislated, and it is not expected to be introduced in the short term.