In order to curb housing prices, the state is preparing to levy a property tax. I don’t quite understand. Didn’t we have to pay a lot of taxes when we bought a house before? Isn't that called a room

In order to curb housing prices, the state is preparing to levy a property tax. I don’t quite understand. Didn’t we have to pay a lot of taxes when we bought a house before? Isn't that called a room?

The current property tax policy stipulates that properties owned by individuals for non-business use are exempt from property tax.

If a personal property is rented out and the tax payable is calculated based on the rental income of the property, the applicable tax rate is 12%. However, residential housing rented by individuals at market prices is levied at a reduced tax rate of 4%.