The financial impetus for the reform of housing property tax is not to regulate the real estate market, but to increase the financial revenue for local governments and to establish the main category of local tax. However, under the current financial and economic situation, local financial difficulties should be resolved by improving the tax distribution system, rather than by establishing new taxes and increasing macro tax burden. In the future, the housing property tax may adopt the mode of separation of housing property tax from land holding tax. The two taxes are not mutually exclusive to each other. However, in the setting of the housing property tax consideration should be given to replacement cost price, while land holding tax can continue to be charged at a fixed rate because of the existence of land-transferring fees. Even if the government wants to carry out housing property tax reform now, it must abide by the basic principles of the rule of law, and may not violate the due process of law and carry out the reform in an unlawful way. <<