The Impact of Interstate Mobility on the Effectiveness of Property Tax Reduction in Georgia

Andrew Feltenstein (), Mark Rider, David Sjoquist and John Winters

Center for State and Local Finance Working Paper Series from Andrew Young School of Policy Studies, Georgia State University

Abstract: This paper develop a computable general equilibrium (CGE) model and a microsimulation model (MSM) to analyze the economic and welfare effects of a Georgia property tax proposal, which would have effectively eliminated school property taxes on homesteaded properties and replaced the lost revenue with a revenue-neutral increase in the state sales tax. Our CGE model, which is a modification of that used in Condon et al. (2015), explores the effects of significantly reducing or eliminating Georgia’s income tax and implementing a revenue-neutral increase in the state sales tax. This paper is set up as follows. We describe the Georgia proposal to reduce property taxes. Following that is a description of the CGE model, and a discussion of the outcomes of that model. The next section presents the MSM and its results. The last section concludes.

Pages: 25 pages
Date: 2019-04
New Economics Papers: this item is included in nep-cmp, nep-pub and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ays:cslfwp:cslf1907

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