Research Symposium

BIO

Greg Selg is a first-year Finance major from St. James, New York. When arriving at FSU, he indulged himself into a plethora of involvements like UROP, Securities Society, Greek Life, PEVC Club, Undergraduate Finance Workshops, and finance-related internships to name a few. He looks to pursue a career in finance – specifically in investment banking or private equity – where he can leverage his analytical skills, leadership experience, and passion for financial markets.

Closing the Gap in Homestead Exemption Participation Rates

Abstract

Many eligible Florida homeowners, especially in minority communities, do not claim the Homestead Exemption, missing out on significant property tax savings. This study investigates whether simple policy interventions, such as mailed letters and text reminders, can increase participation rates.

We identified 12,000 eligible homeowners who had not claimed the exemption and randomly assigned them to three groups: a control group (no intervention), a treatment group receiving a mailed letter, and another treatment group receiving both a letter and the opportunity to receive a text reminder.

By analyzing government tax and voter registration records, we will measure how these outreach methods influence sign-up rates. Our hypothesis is that both treatment groups will have higher participation rates than the control, with text reminders providing an additional boost.

If effective, this research could inform future tax policy and improve awareness of tax relief programs, particularly in underrepresented communities.

Keywords: Economics, Finance, Business, Tax, Banking