Abstract: In the allocation of real estate tax legislative power, there are mainly centralized mode, decentralized mode and compound mode in western developed countries. The allocation model of western developed countries lacks suitability for the complex context of China, and it cannot meet the objective needs of China's real estate tax legislation. China's current allocation model has many limitations in such aspects as the concept of decentralization, the content of decentralization and the way of decentralization. The findings of this study show that when carrying out unified legislation for China's real estate tax, the allocation of the legislative power is urgently needed to be transformed from the traditional decentralized model to a“compound equilibrium”allocation model. The“compound equilibrium”allocation mode does not simply emphasize tax decentralization or power shifting to lower level, but pursues the complex and balanced way of tax power allocation. In order to promote the construction of the “compound equilibrium”allocation mode of real estate tax legislative power, China should take corresponding legislative measures in the future in terms of legislative concept, legal system, legal effect level and procedural mechanism.

Key words: real estate tax, legislative power, allocation mode, compound equilibrium