Property taxes and dynamic efficiency: A correction

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.

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Year of publication:	2014
Authors:	Homburg, Stefan
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 123.2014, 3, p. 327-328
Publisher:	Elsevier
Subject:	Property tax \| Dynamic efficiency \| Overaccumulation \| Land

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Type of publication:	Article
Classification:	D9 - Intertemporal Choice and Growth ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H21 - Efficiency; Optimal Taxation
Source:	RePEc - Research Papers in Economics

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