Abstract: With the vigorous development of real estate industry in China, the benefits of housing property tax collection are becoming more and more obvious. So far, except for the two pilot cities of Shanghai and Chongqing, all non-business properties are exempted from housing property tax. This paper analyzes the present situation of housing property tax in China, compares the practice of real estate tax in developed countries such as the United States and Japan, puts forward the problems existing in China's housing property tax collection, and points out that real estate tax will be the direction of future housing property tax reform.