The invention discloses a polyvinyl chloride floorboard substrate and a preparation method thereof, belonging to the technical field of polyvinyl chloride boards. The polyvinyl chloride floorboard substrate solves the problems of high cost and poor quality in the existing product. The polyvinyl chloride floorboard substrate is prepared from 80-100 parts of polyvinyl chloride SG8 resin, 100-120 parts of heavy calcium carbonate, 50 parts of floorboard substrate moldboard reclaimed material, 7-8 parts of foaming regulator 903, 2-3 parts of foaming regulator 902, 2.8-4.9 parts of composite stabilizer, 0.6-1.2 parts of internal lubricant ZB-60, 0.35-0.7 part of polyethylene (PE) wax, 0.2-0.5 part of AP, 0.5-0.8 part of plasticizer OA3, 0.3-0.4 part of heat-release AC (azodicarbonamide) foaming agent, 1.4-1.6 parts of heat-absorption Zhongkai c-2 foaming agent, 2-5 parts of ferrite yellow powder and 2-4 parts of CPE (chlorinated polyethylene). The preparation method comprises the following steps: mixing, plastifying and foaming, and extruding to obtain the finished product. The product can be widely used in office buildings, shopping malls, schools, gymnasia, hospitals and other locations.