As the core force of scientific and technological progress and innovative development, talent is an important resource for economic development and a key factor for China’s population from quantitative dividends to quality dividends. Housing prices have become an important factor affecting the flow of talents. Based on the general equilibrium theory, this paper builds the dynamic stochastic general equilibrium model (DSGE) of the household sector, production sector, and government sector, which includes talent group and non-talented group, and adopts the quarterly data of China from 2010 to 2021 and dynamic monitoring data of China’ s floating population from 2013 to 2018. This paper studies the long-term and short-term impact of housing price changes caused by various shocks on talent flow under general equilibrium, and further explore the change trend of housing price and talent flow under the impact of property tax in the holding link. The results show that: 1) The rise of housing price itself can lead to a small range of talent outflow with low impact and short duration; 2) The rise of housing price caused by the increase of housing demand does not crowd out talents, but shows talent attraction; 3) Different from the short-term changes in housing prices caused by housing demand, the implementation of property tax has a longterm restraining effect on housing prices and a positive promoting effect on the inflow of talents. At present, China’s housing price fluctuates frequently, and the general collection of property tax is imminent. This study will help accurately judge the specific changes in housing price and talent flow under the impact of property tax, and provide a basis for the government to implement some precise policies and improve regional talent attraction.