Do serviced apartments have to pay property tax?

Property tax is levied on houses used for business.

The property tax is calculated and paid according to the residual value after deducting 10% to 30% from the original value of the property. The specific scope of relief shall be stipulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government. If there is no original value of real estate as the basis, it shall be verified by the tax authorities where the real estate is located with reference to similar real estate.

If the real estate is leased, the rental income of the real estate shall be the tax basis of the property tax. If the property tax is calculated and paid according to the residual value of the property, the tax rate is1.2%;

If paid according to the rental income of real estate, the tax rate is 12%.

The scope of property tax collection is limited to urban operating houses, such as commercial houses and self-owned houses rented by residents.