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Property Tax Reform: Implications for Housing Prices and Economic Productivity

Jason Nassios and James Giesecke

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: Australia has high housing prices by world standards. Australian state and local governments also have a high reliance on a variety of property taxes. This has generated calls for state tax reform. However, with property prices high, a concern of policy makers is that property tax reform might push house prices higher still. We investigate the effects of seventeen property tax reform options, with a particular focus on potential trade-offs between efficiency benefits and house price impacts.

Keywords: CGE modelling; Immovable property tax; Recurrent property tax; Housing prices; Excess burden (search for similar items in EconPapers)
JEL-codes: C68 E62 H2 H71 R38 (search for similar items in EconPapers)
Date: 2022-06
New Economics Papers: this item is included in nep-cmp, nep-mac, nep-pbe, nep-pub and nep-ure
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