Details
| Original language | English |
|---|---|
| Pages (from-to) | 327-328 |
| Number of pages | 2 |
| Journal | Economics letters |
| Volume | 123 |
| Issue number | 3 |
| Early online date | 25 Mar 2014 |
| Publication status | Published - Jun 2014 |
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
- Dynamic efficiency, Land, Overaccumulation, Property tax
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Finance
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Economics letters, Vol. 123, No. 3, 06.2014, p. 327-328.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Property taxes and dynamic efficiency
T2 - A correction
AU - Homburg, Stefan
PY - 2014/6
Y1 - 2014/6
N2 - 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.
AB - 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.
KW - Dynamic efficiency
KW - Land
KW - Overaccumulation
KW - Property tax
UR - http://www.scopus.com/inward/record.url?scp=84897950124&partnerID=8YFLogxK
U2 - 10.1016/j.econlet.2014.03.013
DO - 10.1016/j.econlet.2014.03.013
M3 - Article
AN - SCOPUS:84897950124
VL - 123
SP - 327
EP - 328
JO - Economics letters
JF - Economics letters
SN - 0165-1765
IS - 3
ER -