Based on the latest input-output table and relevant macro data，this paper constructs a general equilibrium model of Chinese residents’ real estate tax，sets up eight real estate tax reform schemes for simulation，and analyzes the impact of different residents’ real estate tax reform schemes on China’s macro-economy and industrial output. The study found that the residents’ real estate tax reform had a negative impact on the actual GDP，total output，total export，total import，total investment and residents’ consumption，and had a positive impact on government consumption，and the impact effect showed different changes with the different real estate tax reform policies. At the same time，the real estate tax reform has increased government revenue，reduced the disposable income of urban and rural residents，and narrowed the wealth distribution gap between urban and rural areas to a certain extent.