This essay takes into account Taiwan's current law and legislations. We will discuss and review the different types of Real Estate Tax Laws, the basis and the standards of taxation, and how the problems and public complaints caused by taxation laws.With regards to the system 'Declare Real Estate Transaction Information' (where the real price of land and building sold will be declared on Government's website for future reference) which is about to be enforced on 2012/8/1, this essay is here to educate on how to declare real estate transaction information, how to expose and how to levy a tax. Issues on problems or the outcomes that may occur after this system has been enforced will also be discussed.Furthermore, the new policy being brought up by the government on 'Living Justice' will also be discussed. Whether declare real estate transaction information is equivalent to taxation of real price, analysis on the blind spots of 'Taxation of Real Price', how it might develop in the future, and how it might influence on the Real Estate market.Lastly, when facing this new system, what are some of the supporting measures that can be done by the government to deal with the poverty gap and the fairness of taxes which may occur.