Property taxes and dynamic efficiency: A correction

Stefan Homburg

Economics Letters, 2014, vol. 123, issue 3, 327-328

Abstract: 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.

Keywords: Property tax; Dynamic efficiency; Overaccumulation; Land (search for similar items in EconPapers)
JEL-codes: D9 E62 H21 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:123:y:2014:i:3:p:327-328

DOI: 10.1016/j.econlet.2014.03.013

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