Property taxes and dynamic efficiency: A correction |
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| Authors: | Stefan Homburg |
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| Affiliation: | Institute of Public Economics, Leibniz University of Hannover, Germany |
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| 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. |
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| Keywords: | D9 E62 H21 |
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