I learned that Chinese citizens only pay property taxes once when they buy a place, and thats it. then that place is theirs til they die or sell it and move. no additional taxes.
I learned that Chinese citizens only pay property taxes once when they buy a place, and thats it. then that place is theirs til they die or sell it and move. no additional taxes.
You are correct, the only property tax is upon the purchase price, with the exception of commercial property, second homes, or additional luxury homes.