In recent years, the Chinese government has introduced a series of regulation policy for healthy development of the real estate market. In order to measure the effect, the impact of tax assessment policy on housing price dynamics is discussed in the second-hand property market of Shenzhen. Based on a literature and the critical factors to housing price, an interaction model is built by selecting housing attributes and market expectation of housing price as control variables, while tax policy as dummy variable. The results of data analysis show that tax policy does not affect the transaction prices significantly. However, there is significant but decreasing impact of market expectation on transaction average price, indicating that the policy effect is gradually digested and absorbed by the market. Moreover, the conclusions of research put forward suggestions for the government in issuing related real estate policies to effectively conduct the real estate market in the future.
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