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• W2509651408 abstract "We consider a proposal that reduces by half the taxes on homesteaded properties and replaces the lost revenue by increasing the base and rate of the state sales tax. We develop a computable general equilibrium (CGE) model and a microsimulation model (MSM) to analyze the economic and welfare effects of such a proposal if adopted in Georgia. The results from the CGE model suggest that the proposed reforms have a substantial negative effect in percentage terms on Georgia’s economy. The MSM suggests that such a policy has no effect on the distribution of consumption by income class but increases the percentage of owner-occupied housing relative to rental housing by 20 percent in the aggregate." @default.
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• W2509651408 date "2016-09-09" @default.
• W2509651408 modified "2023-10-14" @default.
• W2509651408 title "Reducing Property Taxes on Homeowners" @default.
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• W2509651408 doi "https://doi.org/10.1177/1091142116667210" @default.
• W2509651408 hasPublicationYear "2016" @default.
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