• Media type: E-Article; Text
  • Title: Property taxes and dynamic efficiency: A correction
  • Contributor: Homburg, Stefan [Author]
  • imprint: Amsterdam : Elsevier, 2014
  • Published in: Economics Letters 123 (2014), Nr. 3
  • Issue: published Version
  • Language: English
  • DOI: https://doi.org/10.15488/1072; https://doi.org/10.1016/j.econlet.2014.03.013
  • ISSN: 0165-1765
  • Keywords: Overaccumulation ; Dynamic efficiency ; Land ; Property tax
  • Origination:
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  • Description: According to Kim and Lee (1997), property taxes as opposed to capital gain taxes and taxes on rent endanger dynamic efficiency. The present paper shows that the choice of the tax base is immaterial. What counts is whether the taxes eliminate the after-tax rent. Empirical evidence suggests that this is not the case. © 2014 The Author.
  • Access State: Open Access
  • Rights information: Attribution - Non Commercial - No Derivs (CC BY-NC-ND)