The real effect of Chongqing’s property tax reform is not significant，in the perspective of income distribution regulation of the residents，although the aim of the policies is to reduce the unbalanced social wealth distribution，the small scale property tax makes its income distribution regulation limited，however，in the perspective of real estate price，although the high-end consumption is restricted，its influence on real estate price as a whole is limited，in the perspective of organizational finance revenue，although property tax has certain influence on the composition of financial revenue，its proportion to local financial revenue is low. From long-term perspective，the implementation of the pilot scheme is helpful to structural adjustment of real estate market and plays a critical role in boosting housing institutional system construction. Thus，system construction significance of Chongqing’s pilot reform of property tax is much bigger than its implementing effect. Chongqing should actively promote the construction of low-income housing and low-rent housing，rationally guide rigid demand，build housing institutional system with “guaranteeing low-end housing consumption，market-oriented middle-end housing consumption and restricted high-end housing consumption”，raise the contribution of property tax to financial revenue，reduce the dependence of local governments on land finance，improve property tax system design and smoothly push forward property tax enlargement reform.