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: Footnote: Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen. 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)